The estimation of the return to a year of schooling, both for the individual and society more
generally, has been the focus of considerable debate in the economics literature. Simple …

Over the last two decades there has been an outpouring of empirical work exploring the
impact of 'human capital'–a concept of worker quality and skills generally measured by …

Many economists and policymakers believe that education creates positive externalities.
Indeed, average schooling in US states is highly correlated with state wage levels, even …

There is a vast empirical literature of the effects of training on wages that are taken as an
indirect measure of productivity. This paper is part of a smaller literature on the effects of …

Economists have been reluctant to interpret as purely causal the relationship between
educational attainment and earnings. In an influential paper in which they use quarter of …

We combine growth theory with US Census data on individual schooling and wages to
estimate the aggregate return to human capital and human capital externalities in cities. Our …

Despite a well developed theoretical foundation, empirical work on the return to human
capital, for example the effect of a year of schooling on the wage of an individual, has been …

Blanchard and Katz, in their paper “Regional Evolutions”(1992), suggest that out-of-state
migration is the primary adjustment mechanism by which states recover from employment …

The main goal of this dissertation is to estimate the social return to education. Understanding
the magnitude of this return is key to assessing the efficiency of public investment in …

Geography and Development. Page 1 Geography and Development. J. Vernon Henderson (Brown
University) Zmarak Shalizi (World Bank) Anthony J. Venables (London School of Economics …