Human Capital Policy - Klenow Apr 2026

The authors investigate whether high returns to schooling for disadvantaged youth are driven by that prevent them from financing their own education. They evaluate how expanding student loans or school subsidies might increase college enrollment and improve the quality of colleges attended by these groups.

In his analysis of whether schooling causes growth , Klenow notes that while highly correlated, schooling itself explains less than one-third of the empirical relationship, suggesting growth may actually drive the demand for education. Human Capital Policy - James J. Heckman and Peter J. Klenow Human Capital Policy - Klenow

Klenow's work on Innovation and Human Capital Policy argues for "supply-side" policies, such as increasing STEM exposure for talented but disadvantaged youth, to boost the number of inventors and drive long-term growth. The authors investigate whether high returns to schooling