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The role of cognitive skills in economic development revisited.
Students’ test scores at ages 9 to 15 are a measure of their skills as workers five to 55 years later. Using historic data on test scores and school attendance, I calculate the share of workers in 2005 that could have ...
Increases in human capital and growth: new data, more conclusive results.
Using a new data set for human capital/adult, I show that changes in human capital cause economic growth in 56 countries over the 1985 to 2005 period. I show that these results are superior to results using average schooling ...
Inestabilidad institucional, evidencia para Colombia: la violencia y el crecimiento económico en el periodo 1950-2010.
The uncertainty in periods of institutional instability, reflected in violence, can destroy the endowments of physical and human capital in the economy and, discourage investment. The paper analyses the long-run impact of ...