Restuccia, Diego; Vandenbroucke, Guillaume - University of Toronto, Department of Economics - 2008
this trend? We develop a model of schooling decisions in order to assess the quantitative contribution of technological … attainment. In particular, a calibrated version of the model generates an increase in average years of schooling of 48 percent … relevant variations in the model and is consistent with empirical estimates of the long-run income elasticity of schooling. We …