To examine how human capital accumulation influences both economic growth and income inequality, we carefully endogenize the demand and supply of skills. We explicitly introduce the costs and externalities in education, and examine how both relate to learning-by-doing and R&D intensity. In...

We use data from a new international dataset - the European Skills and Jobs Survey - to create a unique measure of skills-displacing technological change (SDT), defined as technological change that may render workers' skills obsolete. We find that 16 percent of adult workers in the EU are...

Using linked records from the 1880 to 1940 full-count United States decennial censuses, we estimate the effects of parental exposure to compulsory schooling (CS) laws on the human capital outcomes of children, exploiting the staggered roll-out of state CS laws in the late nineteenth and early...

Using linked records from the 1880 to 1940 full-count United States decennial censuses, we estimate the effects of parental exposure to compulsory schooling (CS) laws on the human capital outcomes of children, exploiting the staggered roll-out of state CS laws in the late nineteenth and early...