statistical hypothesis tests allow us to discriminate between two competing growth models: (i) the standard neoclassical growth … model similar to that employed by Mankiw, Romer, and Weil (1992), (ii) a Schumpeterian endogenous growth model closely …

We develop a classical macroeconomic model to examine the growth and distributional consequences of education. Contrary … to the received wisdom, we show that human capital accumulation is not necessarily growth-inducing and inequality …-reducing. Expansive education policies may foster growth and reduce earning inequalities between workers, but only by transferring income …

A simple classical-Marxian model of growth and distribution is developed in which education transforms low …-skilled wages and profit income. We analyze the implications for class divisions, growth and distribution, of the transformation of … education can have a positive effect on growth but by altering the distribution of income rather than by fostering technological …

ageing on economic growth, capital deepening and robotisation in 27 European Union (EU) labour markets. First, we … econometrically assess the effects of ageing and potential labour market shortages on growth. Second, we test the hypothesis of …