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Journal of Economic Surveys

ECONOMIC GROWTH AND THE QUANTITY AND DISTRIBUTION OF EDUCATION: A SURVEY

Authors


WU Vienna University of Economics and Business, Augasse 2-6, A-1090 Vienna, Austria, zagler@wu.ac.at

Abstract

Abstract The focus of this survey is to discuss different attempts at incorporating the distributional dimension of human capital into the theoretical and empirical growth framework. We present a series of models which deviate from the direct link between the aggregate or average level of human capital and economic growth in that they introduce the distribution of education as a new element in explaining the relationship under investigation. After surveying the theoretical literature, we present recent empirical work on the relation between economic performance and the average level, as well as the distribution of education, respectively.

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