Does Schooling Cause Growth?
构建模型，利用劳动文献中明瑟教育回报率证据，量化学校教育对经济增长的影响，发现其只能解释跨国实证关系中不到三分之一的部分，并探讨了反向因果的可能性。
A number of economists find that growth and schooling are highly correlated across countries. A model is examined in which the ability to build on the human capital of one's elders plays an important role in linking growth to schooling. The model is calibrated to quantify the strength of the effect of schooling on growth by using evidence from the labor literature on Mincerian returns to education. The upshot is that the impact of schooling on growth explains less than one-third of the empirical cross-country relationship. The ability of reverse causality to explain this empirical relationship is also investigated.