We estimate changes in the productivity of schooling for six East Asian countries. Our productivity measure is based on changes in the relative price of schooling. A rising price of schooling relative to other labor-intensive service sectors should indicate declining relative schooling...

Die Arbeitslosigkeit in Deutschland ist nach wie vor bedrückend hoch, und mit einer grundlegenden Besserung ist in absehbarer Zeit nicht zu rechnen. In der wirtschaftspolitischen Diskussion wird schon seit längerem gefordert, durch grundlegende Reformen der Institutionen und Strukturen des...

A review of the measures of the stock of human capital used in empiricalgrowth research - including adult literacy rates, school enrollmentratios, and average years of schooling of the working-age population -reveals that human capital is mostly poorly proxied. The simple use ofthe most common...

Trade and growth theories predict a mutual causation of innovation and exports. We test empirically whether innovation causes exports using a uniquely rich German micro dataset. Our instrumental-variable strategy identifies variation in innovative activity that is caused by specific impulses and...

Research increasingly stresses the role of human capital in modern economic development. Existing historical evidence-mostly from British textile industries-however, rejects that formal education was important for the Industrial Revolution. Our new evidence from technological follower Prussia...

School choice research mostly focuses on academic outcomes. Policymakers increasingly view entrepreneurial traits as a non-cognitive outcome important for economic growth. We use international PISA-2006 student-level data to estimate the effect of private-school competition on students’...