Lebedinski, Lara; Vandenberghe, Vincent - In: International Journal of Manpower 35 (2014) 8, pp. 1116-1139
Purpose – There is plenty of individual-level evidence, based on the estimation of Mincerian equations, showing that better-educated individuals earn more. This is usually interpreted as a proof that education raises labour productivity. Some macroeconomists, analysing cross-country time...