This paper presents evidence that students’ test scores at ages 9 to 15 are not a good proxy for a nation’s stock of human capital. Across countries test scores rise with increases in human capital up to $40,000/adult ...

This paper studies the e ect of school entry and exit in the Chilean market-oriented educational system. During the period 1994-2012, 2,151 schools closed, roughly one- fth of the current stock of schools. At the same ...

This paper studies the effect of school closure in the Chilean market-oriented educational system. Between 2000 and 2012 the system exhibited a large turnover: 1,651 schools closed -roughly one-sixth of the current stock- ...

Using a dynamic augmented Solow model, I estimate the effect of students’ schooling attainment, schooling expenditures, and students’ test scores on growth rates over the period 1985-2005. I also estimate the effect of ...

This paper challenges Hanushek and Woessmann’s [2008] contention that the quality and not the quantity of schooling determines a nation’s rate of economic growth. I first show that their statistical analysis is flawed. I ...

The authors study the effects of increasing cash grants on the education attainment of low-income middle and high school students in Mexico. Starting in 2009, the Oportunidades conditional cash transfer (CCT) program ...