We model the joint distribution of (i) individual education trajectories, defined by the allocation of time (semesters …

the macro literature on education and growth. The fraction of the population more efficient at producing skills in the …) effect education on growth measured in the empirical literature …

-cycle wage growth of U.S. white males into four main sources: education, hours worked, cognitive skills (AFQT scores) and … individual differences in hours worked and education explain the remaining part almost equally. We show how our model is a … education. Finally, because policy changes induce simultaneous movements in observed choices and average per-year effects …

-cycle wage growth of U.S. white males into four main sources: education, hours worked, cognitive skills (AFQT scores) and … individual differences in hours worked and education explain the remaining part almost equally. We show how our model is a … education. Finally, because policy changes induce simultaneous movements in observed choices and average per-year effects …

-cycle wage growth of U.S. white males into four main sources: education, hours worked, cognitive skills (Armed Forces … by heterogeneity while individual differences in hours worked and education explain the remaining part almost equally. We … reduction in the cost of higher education. Finally, because policy changes induce simultaneous movements in observed choices and …

permanent endowments as well as on education. We find evidence of statistically significant complementarity, i.e. the higher …

Formal schooling increases earnings and provides other individual benefits. However, societal benefits of education may … exceed individual benefits. Research finds that increased average education levels in an area are correlated with higher … earnings, even for locals with relatively little education. Science, technology, engineering, and mathematics (STEM) graduates …