emerge. First, minor differences in education technologies, preferences, or wealth, can lead to a high degree of … inequality in education and income more persistent across generations. Whether the same is true of inequality in total wealth … richer communities; thus average academic performance and income growth both fall. Yet it may still be possible for education …

innovation and imitation. We develop a theoretical model showing that skilled labour has a higher growth-enhancing effect closer … to the technological frontier under the reasonable assumption that innovation is a relatively more skill intensive … the two separate margins of primary/secondary and tertiary education. Interestingly, the latter type of schooling proves …

Modern growth theory puts invention on the center stage. Inventions are created by individuals, raising the question …: can we increase number of inventors? To answer this question, we study the causal effect of M.Sc. engineering education on …. We find a positive effect of engineering education on the propensity to patent, and a negative OLS bias. Our …

productivity. Education as well as innovation and production require skilled labour as inputs. This and the fact that learning … study the impact of changes in the education of workers and the incentives to innovate. Lower profits imply lower growth … redistribution. Subsidization of education increases employment and growth. Redistribution through the tax and benefit system or …

We introduce firm and worker heterogeneity into a model of innovation-driven endogenous growth. Individuals who differ …

distorts occupational choice. We study this possibility in the context of a model with horizontal innovation, where the …

productivity of skilled workers. An implication of this theory is that when the relative supply of skilled workers increases …