Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the …-biased technological progress and use cross-country panel data on inequality and GDP to test these ideas. A one-year increase in the level … of education reduces the private return by 2 percentage points, consistent with Katz-Murphy's (1992) elasticity of …

structure, income and parents' education. The empirical analysis indicates that the quality of schools is one of the driving …

The perpetual inventory method used for the construction of education data per country leads to systematic measurement … education level between census data and observations constructed from enrolment data. We discuss a methodology for correcting …