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Does Investment in Schooling Raise National Income? Evidence from Cross-Country Studies
(Universidad EAFIT, 2011)
The economics literature identifies three effects of schooling on national income; the direct effect on the earnings of the workers who receive the schooling and the external effects on workers’ earnings and on physical ...
The Quality vs. the Quantity of Schooling: What Drives Economic Growth?
This paper challenges Hanushek and Woessmann's (2008) contention that the quality and not the quantity of schooling determines a nation's rate of economic growth. I first show that their statistical analysis is flawed. I ...