The human capital century -- Inequality across the twentieth century -- Skill-biased technological change -- Origins of the virtues -- Economic foundations of the high school movement -- America's graduation from high school -- Mass higher education in the twentieth century -- The race between...

Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country...

This paper develops a classical-Marxian macroeconomic model to examine the growth and distributional consequences of education. First, the role of education in skill formation is considered and it is shown that an expansion in education will promote growth and have beneficial distributional...