The perpetual inventory method used for the construction of education data per country leads to systematic measurement … education level between census data and observations constructed from enrolment data. We discuss a methodology for correcting …

The perpetual inventory method used for the construction of education data per country leads to systematic measurement … education level between census data and observations constructed from enrolment data. We discuss a methodology for correcting …

partly to the redistributive effect of education spending. In the model income inequality and growth depend in an inverted U …-shaped way on education. To maintain a given level of human capital it is shown that a less efficient schooling technology … requires more resources, which lowers pre-tax and post-tax income inequality as well as growth. Using consistently defined …

We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect … sensitivity analyses of cross-country growth regressions generate remarkably stable results across specifications, time periods …, and country samples. In addressing causality, we find, first, significant growth effects of cognitive skills when …

We investigate whether a causal interpretation of the robust association between cognitive skills and economic growth …-country distribution. Extensive sensitivity analyses of cross-country growth regressions generate remarkably stable results across … specifications, time periods, and country samples. In addressing causality, we find, first, significant growth effects of cognitive …

years if underlying global trends relating to growth, trade, inequality and environmental pressures prevail. For example …, global growth is likely to slow and become increasingly dependent on knowledge and technology, while the economic costs of …

A review of the measures of the stock of human capital used in empirical growth research reveals that human capital is …, misspecifies the relationship between education and the stock of human capital. Based on human capital theory, the specification of … human capital should be extended to allow for decreasing returns to education and for differences in the quality of a year …

We investigate whether a causal interpretation of the robust association between cognitive skills and economic growth …-country distribution. Extensive sensitivity analyses of cross-country growth regressions generate remarkably stable results across … specifications, time periods, and country samples. In addressing causality, we find, first, significant growth effects of cognitive …

We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect … sensitivity analyses of cross-country growth regressions generate remarkably stable results across specifications, time periods …, and country samples. In addressing causality, we find, first, significant growth effects of cognitive skills when …

, moreover, the effect of exogenous shifts over time is surprisingly strong compared to growth effects. This paper reaches this … 7 subjects: (1) individual rights and democracy, (2) political instability and war, (3) education, (4) health, (5 … out of 81 indicators. With a fixed effects estimator, growth has an impact on the quality of life that is significant …