The perpetual inventory method used for the construction of education data per country leads to systematic measurement error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the education level between census data and observations...

The role of improved schooling, a central part of most development strategies, has become controversial because expansion of school attainment has not guaranteed improved economic conditions. This paper reviews the role of education in promoting economic well-being, focusing on the role of...

Ludger Wößmann legt in seinem auf die Bildung fokussierten Beitrag dar, dass gerade Basiskompetenzen, wie sie von internationalen Schülervergleichstests in Mathematik und Naturwissenschaften erhoben werden, ein entscheidender Einflussfaktor auf das langfristige Wachstum von Volkswirtschaften...

We investigate whether a causal interpretation of the robust association between cognitive skills and economic growth is appropriate and whether cross-country evidence supports a case for the economic benefits of effective school policy. We develop a new common metric that allows tracking...