The development human capital is now recognized as being the most important precondition of economic growth in modern times. It should be a priority in our socio-economic policy. However, recognition of this fact alone will not produce a qualitative leap in the development of education,...

This paper provides a new measure of human capital using PISA and PIAAC surveys, and mean years of schooling. The new measure is a cohort-weighted average of past PISA scores (representing the quality of education) of the working age population and the corresponding mean years of schooling...

This paper studies empirically the effect of education policies on human capital and per capita income. The results suggest for European and OECD countries that higher attendance at pre-primary education, greater autonomy of schools and universities, a lower student-to-teacher ratio, higher age...

Poverty focuses attention on present needs. Does that mean that poor parents respond inefficiently to future returns on investments in their children's human capital - even when they would have the financial means to invest optimally? We study this question in the context of an educational...

This paper uses a new measure of human capital, which distinguishes both quality and quantity components, to estimate the long-term effect of the Covid-19-related school closures on aggregate productivity through the human capital channel. Productivity losses build up over time and are estimated...

Using linked records from the 1880 to 1940 full-count United States decennial censuses, we estimate the effects of parental exposure to compulsory schooling (CS) laws on the human capital outcomes of children, exploiting the staggered roll-out of state CS laws in the late nineteenth and early...

In addition to the humanitarian suffering and huge immediate economic costs, the war in Ukraine will have long-term consequences, among which are losses in human capital that will impact aggregate productivity for many years. Exploiting a new stock measure of human capital combining the quality...

Using linked records from the 1880 to 1940 full-count United States decennial censuses, we estimate the effects of parental exposure to compulsory schooling (CS) laws on the human capital outcomes of children, exploiting the staggered roll-out of state CS laws in the late nineteenth and early...

The development human capital is now recognized as being the most important precondition of economic growth in modern times. It should be a priority in our socio-economic policy. However, recognition of this fact alone will not produce a qualitative leap in the development of education,...

Using linked records from the 1880 to 1940 full-count United States decennial censuses, we estimate the effects of parental exposure to compulsory schooling (CS) laws on the human capital outcomes of children, exploiting the staggered roll-out of state CS laws in the late nineteenth and early...