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Were Mankiw, Romer, and Weil right? A reconciliation of the micro and macro effects of schooling on income.
(Cambridge University, 2013-07)
In Mankiw, Romer, and Weil's augmented Solow model [Quarterly Journal of Economics 107 (2) 407–437 (1992)], the marginal product of human capital accrues to three factors of production: directly to human capital, and as ...