… Costas Meghir acknowledges financial support from the ESRC via the CFP at the IFS and
from the Centre for the Economics of Education funded by the DfEE. The usual disclaimer …

This paper provides a non‐technical review of the evidence on the returns to education and
training for the individual, the firm and the economy at large. It begins by reviewing the …

We study the intergenerational effects of maternal education on children’s cognitive
achievement, behavioral problems, grade repetition, and obesity, using matched data from the …

In this paper we investigate the sensitivity of investment to the availability of internal funds
using the hierarchy of finance approach to corporate finance. We characterize the empirical …

Motivated by the large differences in labor market outcomes across college majors, we survey
the literature on the demand for and return to high school and postsecondary education by …

Children's experiences during early childhood are critical for their cognitive and socioemotional
development, two key dimensions of human capital. However, children from low-income …

We estimate production functions for cognition and health for children aged 1–12 in India,
based on the Young Lives Survey. India has over 70 million children aged 0–5 who are at risk …

Recent theoretical work has shown the importance of measuring microeconomic uncertainty
for models of both general and partial equilibrium under imperfect insurance. In this paper …

In this paper we study the sources of wage growth. We identify the contribution to such growth
of general, sector specific and firm specific human capital. Our results are interpretable …

We examine the contribution of human capital to economy-wide technological improvements
through the two channels of innovation and imitation. We develop a theoretical model …