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 …

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 …

While Korea remains one of the fastest-growing OECD economies, its potential growth rate per capita is projected to … decelerate from around 4% during the current decade to around 2¼ per cent during the 2030s. Sustaining growth requires policies … young people, improved vocational education at the secondary and tertiary levels would help overcome the labour mismatch …

In this paper education simultaneously affects growth and income inequality. More education does not necessarily … decrease inequality when the latter is assessed by the Lorenz dominance criterion. Increases in education first increase and … then decrease growth as well as income inequality, when measured by the Gini coefficient. There is no clear functional …

Endogenous time discounting is introduced in a two-period human-capital-driven growth model: subjective discount rate … development regimes and it illustrates wider role of education in tackling possible development traps. …

partly to the redistributive effect of education spending. In the model income inequality and growth depend in an inverted U … requires more resources, which lowers pre-tax and post-tax income inequality as well as growth. Using consistently defined … inequality in rich countries. It is argued that using some unadjusted inequality measures in growth regressions may yield …

inequality-growth transmission channel they propose, must therefore be assessed as overly simplistic and inadequate with respect …This paper reconsiders the political economy approach to growth and distribution according to which (1) rising … inequality induces more government redistribution; (2) more government redistribution is financed by higher distortionary …