This paper considers the impact on growth and convergence in the EU over the last 20 years of investment in human capital. It examines the current adjustment of a range of economies to the external imbalances at the beginning of the current crisis. Finally it considers how the adjustments under...

Increasing earnings inequality has been an important feature of the US and UK labour markets in recent years. The increase appears to be related to an increased demand for skilled labour and an increase in the returns to education. In this paper we examine what has happened to earnings...