-cycle wage growth of U.S. white males into four main sources: education, hours worked, cognitive skills (AFQT scores) and … individual differences in hours worked and education explain the remaining part almost equally. We show how our model is a … education. Finally, because policy changes induce simultaneous movements in observed choices and average per-year effects …

the macro literature on education and growth. The fraction of the population more efficient at producing skills in the …) effect education on growth measured in the empirical literature. -- compulsory schooling reforms ; dynamic skill accumulation … ; comparative advantages ; returns to schooling ; education and growth ; dynamic discrete choice ; dynamic programming …