In the 21st century knowledge economy, education plays an increasingly important role in preparing new labor market entrants for the workforce and providing skill upgrading throughout the working career. The vital role of education is propelled by the rapid pace of technological change, as well...

Although aging is a global phenomenon, there are large differences across countries in both the speed of aging and the current state they are in. Furthermore countries adopt vastly different policies. This creates a natural laboratory that scientists can use to understand how policies affect...

This paper studies the impact of expenditures on the returns to schooling within a context of dramatic reductions in public spending. The author matches data on expenditures and pupil-teacher ratios from Mexico in the 1980s with individual earnings in 2007/2008 and find that the returns to...