Returns to investment in education based on human capital theory have been estimated
since the late 1950s. In the 40‐plus year history of estimates of returns to investment in …

RELATIVE WAGES are changing. Over the last decade or so, earnings of high school
graduates have declined rela-tive to college graduates, and earnings of young adults have …

In the 60-plus year history of returns to investment in education estimates, there have been
several compilations in the literature. This paper updates Psacharopoulos and Patrinos and …

This paper analyzes the extent of income inequality from a global perspective, its drivers,
and what to do about it. The drivers of inequality vary widely amongst countries, with some …

This paper estimates returns to education using a dynamic model of educational choice that
synthesizes approaches in the structural dynamic discrete choice literature with approaches …

Education is critical for economic growth and poverty reduction. Quality education systems
produce the global economy's workers and expand knowledge. Schooling enables students …

This article presents new results on the relationship between income inequality and
education expansion–that is, increasing average years of schooling and reducing inequality …

This study investigates empirically how human capital, measured by educational attainment,
is related to income distribution. The regressions, using a cross-country data between 1980 …

An important step in extending the traditional theory of individual rational choice to analyze
social issues beyond those usually considered by economists is to incorporate into the …

This paper summarizes and tries to reconcile evidence from the microeconometric and
empirical macro growth literatures on the effect of schooling on income and GDP growth …