Consider the following facts. In 1950 rich countries attained an average of 8.1 years of schooling whereas poor countries attained 1.3 years --a 6-fold difference. By 2005, the difference in schooling declined to 2-fold even though the per-capita income gap did not decrease. What explains...

An average person born in the United States in the second half of the nineteenth century completed 7 years of schooling and spent 58 hours a week working in the market. By contrast, an average person born at the end of the twentieth century completed 14 years of schooling and spent 40 hours a...

Between 1940 and 2000 there has been a substantial increase of educational attainment in the United States. What caused this trend? We develop a model of schooling decisions in order to assess the quantitative contribution of technological progress in explaining the evolution of education. We...