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How far is the world away from ensuring that every child obtains the basic skills needed to be internationally … competitive? And what would accomplishing this mean for world development? Based on the micro data of international and regional … skills for 159 countries that cover 98.1% of world population and 99.4% of world GDP. We find that at least two-thirds of the …
Persistent link: https://www.econbiz.de/10013435128
Education is a crucial asset for a country's economic prospects and for its inhabitants. In addition to its direct … (generated by, e.g., technological or climatic change) among other benefits. In this paper, we study education inequality in LAC … interaction of education inequality with other forms of inequality, primarily income and labor market outcomes. Our analysis is …
Persistent link: https://www.econbiz.de/10014486218
Thomas Piketty's (2014) book, Capital in the 21st Century, follows in the tradition of the great classical economists, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We argue that general economic laws are unhelpful as a guide...
Persistent link: https://www.econbiz.de/10012457900
We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect of cognitive skills and supports the economic benefits of effective school policy. We develop a new common metric that allows tracking student achievement across countries, over...
Persistent link: https://www.econbiz.de/10012464016
This study exploits experimental variation in parent human capital (early-life school-based deworming) and a shock to schooling (extended Covid closures) to estimate how these factors interact in the production of child human capital within a sample of 3,500 Kenyan 3-8 year olds. Parents with...
Persistent link: https://www.econbiz.de/10014576646
This paper develops a theoretical model that relates changes in educational inequality to the combined effects of innovations that have increased the relative demand for more educated labor and innovations that have increased ability premiums. Under the assumption that in the long run individual...
Persistent link: https://www.econbiz.de/10012470518
This paper examines the education literature through the lens of sorting. It argues that how individuals sort across …. It discusses the implications of different education finance systems for sorting and analyzes the efficiency and welfare …
Persistent link: https://www.econbiz.de/10012470628
Human capital is almost always identified as a crucial ingredient for growing economies, but empirical investigations of cross-national growth have done little to clarify the dimensions of relevant human capital or any implications for policy. This paper concentrates on the importance of labor...
Persistent link: https://www.econbiz.de/10012473468
Thirty years ago, Nanak Kakwani provided elegant nonparametric formulae for the point elasticities of measures of poverty with respect to changes in the mean of the distribution of income, thus analytically linking the poverty measures to key macroeconomic aggregates. Numerous insights are found...
Persistent link: https://www.econbiz.de/10013362055
In Latin America--the world's most unequal region--non-white rural populations disproportionately suffer from Chagas … (racial) income inequality, the intergenerational transmission of low human capital, and burdens on the world's largest …
Persistent link: https://www.econbiz.de/10015326511