The standard summary metric of education-based human capital used in macro analyses-the average number of years of schooling in a population-is based only on quantity. But ignoring schooling quality turns out to be a major omission. As recent research shows, students in different countries who...

This paper presents updated simulation results of the potential effects of COVID-19-related school closures on learning outcomes globally. The simulation, which updates and extends prior work by Azevedo, Hasan et al. (2021) and Azevedo (2020), examines potential learning losses as the pandemic...

This paper presents updated simulation results of the potential effects of COVID-19-related school closures on learning outcomes globally. The simulation, which updates and extends prior work by Azevedo, Hasan and others (2021) and Azevedo (2020), examines potential learning losses as the...

Thomas Piketty’s Capital in the Twenty-First Century is the most widely discussed work of economics in recent history, selling millions of copies in dozens of languages. But are its analyses of inequality and economic growth on target? Where should researchers go from here in exploring the...