Although the official statistics imply that the rate of growth of real GDP in the United States has declined in recent years, it has still been substantially higher than the real growth rates in Europe and the other industrial countries, leading to higher real per capita incomes. This paper...

This paper compares the labour market returns to ability in Indonesia and the United States. In Indonesia, I find that the mathematics ability has no significant effect on income, while general cognitive ability positively affects income, with higher ability rewarded at an increasing rate....