Carstensen, Kai; Gundlach, Erich; Hartmann, Susanne - In: German Economic Review 10 (2009) 11, pp. 448-463
We combine the augmented Solow model with the Mincer equation to derive a specification that identifies an education externality within a production function framework. The previous empirical literature has not reached a consensus about the size of the education externality, which is given by...