1. Introduction: Education and Human Capital, Current Debates, and Policy Imperatives -- 2. Unpacking the Rhetorical Equity for Development: Is Equity Available in an Unequal Society? -- 3. Educational Expansion in Africa (1965–2010): Implications for Economic Inequality between Countries --...

This paper synthesizes what economists have learned about human capital since Becker (1962) into four stylized facts. First, human capital explains at least one-third of the variation in labor earnings within countries and at least half of the variation across countries. Second, human capital...