It is evident that a strong positive correlation persists between the educational attainment of parents and that of their children in many, if not most, populations. This relationship may form an important part of the phenomenon of low social mobility as well as inefficiently low investment in...

We examine the effects of marginal changes in continuous variables on the joint, conditional and marginal probabilities involved in the bivariate probit model. The connection between effects in the univariate and bivariate probit models is also explored. We illustrate these effects using a...

Introduction to human capital and economic growth -- The concept of human capital : a brief historical review -- Theoretical models of human capital and economic growth -- Human capital and endogenous models of economic growth -- Threshold effects, multiple equilibria, and nonlinearities in...