As the educational level of residents in poor countries improves, one would think that the income gap between poor and rich countries would narrow. But a Regional Economist article shows that poor countries are not catching up to rich nations in terms of GDP per capita despite the gains in education. St. Louis Fed Research Officer and Economist Guillaume Vandenbroucke and former Research Associate Makenzie Peake compared real gross domestic product (GDP) per capita and educational attainment for a mix of high-income and low-income countries. They analyzed data from Australia, Denmark, Norway, Switzerland and the U.S. ... (full story)