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Public education is usually seen as having at least two desirable effects: fostering economic growth and reducing income inequality. This paper revisits both relations in a single model of occupational choice with an endogenous supply of teachers. First, we show that the impact of public...
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The two-sector specific factor model is typically used in the theory of international trade where it helps to clarify …
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This paper argues that growth theory needs a more general notion of “regularity” than that of exponential growth. We …
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