Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the … of education reduces the private return by 2 percentage points, consistent with Katz-Murphy's (1992) elasticity of …

We develop a classical macroeconomic model to examine the growth and distributional consequences of education. Contrary …-reducing. Expansive education policies may foster growth and reduce earning inequalities between workers, but only by transferring income … recent stylized facts on growth, distribution and education for the US. …

This study articulates the interaction between institutional governance, education and economic growth. Given the … analyze the main mechanisms by which the macroeconomic impact of education on growth (and economic development) occurs. Our … current pursuit of education policy reforms and knowledge economy around the world, it is of policy relevance to theoretically …