education. First, people- and household-based effects (internal returns to education and household wage and education … externalities) generate socioeconomic incentives for people to get an education and work, which are stronger in countries with the … regional interpersonal income and educational inequality, also influence wages and education in different ways across welfare …

productivity. Education as well as innovation and production require skilled labour as inputs. This and the fact that learning … study the impact of changes in the education of workers and the incentives to innovate. Lower profits imply lower growth … redistribution. Subsidization of education increases employment and growth. Redistribution through the tax and benefit system or …