The purpose of this paper is to compare the role of human capital accumulation measured by number of years of schooling with the relative contribution of institutional capacity to prosperity. We employ several concepts of institutional quality prevalent in the literature. We discover that developing human capital is as important as superior…

Economists were long unaware of the influence of knowledge upon the growth process. With theories of human capital and theories of endogenous growth, knowledge gained a central position in the growth process. However, this has not been proved in many industrialized countries. The nature of the relations between education and growth is hence far…

Academic research institutions have long been important economic anchors for New York City. They provide thousands of jobs and serve as a magnet for talented students and faculty, who inject hundreds of millions of dollars into the local economy through federal research grants. Yet, even though New York's concentration of top-fight scientific…

A study of the Israeli labor market examined the relationships between earnings, educational level attained, and three kinds of mobility (occupational, geographic, and inter-firm) among high school and college graduates. (MSE)

Research indicates that the education of Philippine women pays off in the economic growth of the country. Previous research which examined women's contribution to national income in six countries indicated that levels of educational attainment and levels of per capita national income were positively or moderately associated in five of the…

In the past few years an important beginning has been made toward defining and exploring the major issues in the economics of higher education. The research of economists covers a wide range of problems, from that of the Nation's requirements for college-trained people, to detailed questions of financing. Perhaps no single area of this work offers…