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1 Introduction -- 2 The Data: Productivity and Capital Differences across Countries and over Time -- 3 Two Complementary Frameworks to Study Convergence Clubs -- 4 Convergence Clubs in Labor Productivity -- 5 Convergence Clubs in Physical and Human Capital -- 6 Convergence Clubs in Total Factor...
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This paper investigates the impact of human capital on economic growth in Guatemala through the application of an error-correction methodology. Two channels are analyzed, by which human capital is expected to influence growth. A better-educated labor force appears to have a positive and...
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return to schooling and labor market experience. It begins with a presentation of Adam Smith's (1776) analysis of wage …) estimates internal rates of return from high school and college/university schooling, primarily for native-born white men, but … also for other demographic groups. The first regression-based approach is the development of the schooling …
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