Human Capital Policy - Klenow Apr 2026

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

Research in The Allocation of Talent and U.S. Economic Growth suggests that 20% to 40% of U.S. economic growth from 1960–2010 resulted from women and Black men entering high-skilled occupations, representing a better allocation of innate talent. 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. In his analysis of whether schooling causes growth

In the paper , Peter Klenow and James Heckman examine policies aimed at increasing formal schooling and improving access to higher education, particularly for children from low-income families. Klenow Research in The Allocation of Talent and U