This paper investigates whether differences between private and social returns to education of government sector employees can contribute to an explanation of the “micro–macro paradox” in the literature on education and growth. We hypothesize that in India educated people find privately...

Our findings indicate that the growth in educational capital in India in the period 1961 to 2001 had a positive effect on both economic growth at the state level and on industry growth at the industry level in states with small governments, but no statistically significant effect in states with...

Low rates of internal migration in many European countries contribute to the persistence of significant regional labor market differences. To further our understanding of the underlying reasons I study internal migration in Germany, using the Mikrozensus, a very large sample of households living...

Economic development requires the growth of productive firms. However, financing constraints may limit firms’ investment abilities. This paper estimates the cost of financing constraints to firms, for example in terms of idle investment opportunities, and their aggregate implications. To this...

Economic development requires the growth of productive firms. However, financing constraints may limit firms? investment abilities. This paper estimates the cost of financing constraints to firms, for example in terms of idle investment opportunities, and their aggregate implications. To this...

Low rates of internal migration in many European countries contribute to the persistence of significant regional labor market differences. To further our understanding of the underlying reasons I study internal migration in Germany, using the Mikrozensus, a very large sample of households living...