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A review of the measures of the stock of human capital used in empirical growth research reveals that human capital is mostly poorly proxied. The simple use of the most common proxy, average years of schooling of the working-age population, misspecifies the relationship between education and the...
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cognitive skills. Reliable measures of character have been developed. All measures of character and cognition are measures of … cost-effective way. Many of them beneficially affect later-life outcomes without improving cognition. There are fewer long …
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