Nowadays the realization that certain economic units, universities or other objects have impact on the economy of their region comes more and more into prominence. The economic impact study has become a standard tool to persuade state legislatures of the importance of expenditures on higher...

This paper argues that skill formation is a life-cycle process and develops the implications of this insight for Scottish social policy. Families are major producers of skills, and a successful policy needs to promote effective families and to supplement failing ones. We present evidence that...