Using PISA truancy and tardiness data to generate estimates of school discipline comparable across countries, this paper finds a strong relation between both individual and school-level discipline and student performance. Furthermore, the data shows that the effect of discipline grows with class...

Prolonged rapid growth, i.e. a "catching-up" process, is known to be accompanied by high rates of household saving. This phenomenon is central in explaining the direction of international capital flows and trade imbalances in the past several decades, yet it is very much in contradiction to...