Theodore R. Breton
WERE MANKIW, ROMER, AND WEIL RIGHT? A RECONCILIATION OF THE MICRO AND MACRO EFFECTS OF SCHOOLING ON INCOME
Universidad EAFIT
mankiw romer weils augmented solow model quarterly journal economics 107 2 407437 1992 marginal product human capital accrues three factors production directly human capital external effect physical capital labor paper estimates national stocks human capital 1990 created prior investment schooling shows 36 countries macro marginal product human capital accruing workers 1990 consistent estimates micro marginal return investment schooling workers earnings studies reconciliation provides empirical evidence augmented solow model