Gundlach, Erich; Wößmann, Ludger; Gmelin, Jens - Volkswirtschaftliche Fakultät, … - 2001
Based on Baumol’s cost-disease model, we develop two alternativemeasures of the change in the productivity of schooling. Bothproductivity measures are based on changes in the relative price ofschooling. We find that in most OECD countries the price of schoolinghas increased faster in 1970-94...