THE RETURNS TO EDUCATION : MACROECONOMICS Barbara Sianesi Institute for Fiscal Studies

  title={THE RETURNS TO EDUCATION : MACROECONOMICS Barbara Sianesi Institute for Fiscal Studies},
  author={John Van Reenen},
We offer an extensive summary and a critical discussion of the empirical literature on the impact of human capital on macro-economic performance, with a particular focus on UK policy. We also highlight methodological issues and make recommendations for future research priorities. Taking the studies as a whole, the evidence that human capital increases productivity is compelling, though still largely divided on whether the stock of education affects the long-run level or growth rate of GDP. A… CONTINUE READING
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