Elite Education, Mass Education, and the Transition to Modern Growth
38 Pages Posted: 22 Dec 2015
There are 2 versions of this paper
Elite Education, Mass Education, and the Transition to Modern Growth
Elite Education, Mass Education, and the Transition to Modern Growth
Date Written: November 2015
Abstract
We propose an innovation-driven growth model in which education is determined by family background and cognitive ability. We show that compulsory schooling can move a society from elite education to mass education, which then triggers market R&D. This means that our model rationalizes two different paths to modern growth: According to the Prussian way, compulsory education is implemented first and triggers the onset of market R&D. According to the British way, market R&D is initiated without mass education, which is triggered later by technical progress and economic development.
Keywords: long-run growth, elite education, compulsory education, longevity, R&D
JEL Classification: I240, J240, O300, O400
Suggested Citation: Suggested Citation