Hanushek, Eric Alan; Woessmann, Ludger - 2015
concentrating not on valued skills but on proxies for them. The common focus is on school attainment, although time in school … provides a very misleading picture of how skills enter into development. Hanushek and Woessmann contend that the cognitive … skills of the population—which they term the “knowledge capital” of a nation—are essential to long-run prosperity. - Hanushek …