recent stylized facts on growth, distribution and education for the US. …We develop a classical macroeconomic model to examine the growth and distributional consequences of education. Contrary …-reducing. Expansive education policies may foster growth and reduce earning inequalities between workers, but only by transferring income …

A simple classical-Marxian model of growth and distribution is developed in which education transforms low … education can have a positive effect on growth but by altering the distribution of income rather than by fostering technological …-skilled wages and profit income. We analyze the implications for class divisions, growth and distribution, of the transformation of …

which the economy can be caught in a low-skill trap. -- Education ; growth ; distribution …This paper develops a classical-Marxian macroeconomic model to examine the growth and distributional consequences of … education. First, the role of education in skill formation is considered and it is shown that an expansion in education will …

We propose an innovation-driven growth model in which education is determined by family background and cognitive … ability. We show that compulsory schooling can move a society from elite education to mass education, which then triggers … market R&D. This means that our model rationalizes two different paths to modern growth: According to the Prussian way …

, compulsory education is implemented first and triggers later on the onset of market R&D and modern growth. According to the … British way, market R&D and the take off to growth is initiated without mass education, which is triggered later by technical …For most of human history there existed a well-educated and innovative elite whereas mass education, market R&D, and …

on economic growth, inequality, and fiscal balance. Our empirical evidence suggests that human capital investments have a …. Overall, our evidence points to a positive effect of human capital on growth, equity, and fiscal balance in Asia. …

This paper answers the following two questions: 1) In the data, can we find a dilution effect of population growth also … differential impact of population change on economic growth across countries? In the first part of the article we document … empirically the considerable across-countries heterogeneity of a dilution effect of population growth also in regard to the …

This paper develops a classical-Marxian macroeconomic model to examine the growth and distributional consequences of … education. First, the role of education in skill formation is considered and it is shown that an expansion in education will … promote growth and have beneficial distributional effects within the working class, but it will redistribute income from …

of education inequality measures across age groups allows us to assess the effect of inter-generational education … attainment trends on economic growth. Our results indicate that countries which are able to reduce the inequality of educational … attainment of young cohorts over time tend to have higher growth rates of income per capita. This effect is additional to that …