Cognitive Skills, Schooling Attainment, and Schooling Resources: What Drives Economic Growth?

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 $40,000/adult (2000$), but then decline as human capital increases up to $125,000/adult. Schooli...