Schooling and National Income: How Large Are the Externalities?

dc.citation.epage92
dc.citation.issue1
dc.citation.journalTitleEducation Economicseng
dc.citation.spage67
dc.citation.volume18
dc.contributor.affiliationUniversidad EAFIT, Escuela de Economía y Finanzas, Departamento de Economía, Medellín, Colombia.spa
dc.contributor.authorBreton, Theodore R.spa
dc.contributor.departmentEscuela de Economía y Finanzasspa
dc.contributor.departmentEconomíaspa
dc.contributor.programEstudios en Economía y Empresaspa
dc.date2010
dc.date.accessioned2015-11-06T16:27:24Z
dc.date.available2015-11-06T16:27:24Z
dc.date.issued2010
dc.description.abstractThis paper uses a new data‐set for cumulative national investment in formal schooling and a new instrument for schooling to estimate the national return on investment in 61 countries. These estimates are combined with data on the private rate of return on investment in schooling to estimate the external rate of return. In 1990 the external rate of return ranged from 10% in high‐income countries to over 50% in the lowest‐income countries. The external benefits of schooling are about equal to the private benefits in high‐income countries and three times the private benefits in the lowest‐income countries.eng
dc.identifier.doi10.1080/09645290801939645
dc.identifier.issn1469-5782
dc.identifier.urihttp://hdl.handle.net/10784/7564
dc.language.isoengeng
dc.publisherRoutledgeeng
dc.relation.ispartofEducation Economics. Vol.18(1), 2010, pp.67-92spa
dc.relation.isversionofhttp://www.tandfonline.com/doi/abs/10.1080/09645290801939645#.VHX3qjGG9rc
dc.relation.urihttp://www.tandfonline.com/doi/abs/10.1080/09645290801939645#.VHX3qjGG9rc
dc.rightsrestrictedAccesseng
dc.rights.accessrightsinfo:eu-repo/semantics/restrictedAccesseng
dc.rights.localAcceso restringidospa
dc.sourceEducation Economics. Vol.18(1), 2010, pp.67-92spa
dc.subject.keywordhuman capitaleng
dc.subject.keywordeducationeng
dc.subject.keywordschoolingeng
dc.subject.keywordeconomic growtheng
dc.subject.keywordexternal benefitseng
dc.titleSchooling and National Income: How Large Are the Externalities?eng
dc.typearticleeng
dc.typeinfo:eu-repo/semantics/articleeng
dc.typeinfo:eu-repo/semantics/publishedVersioneng
dc.type.hasVersionpublishedVersioneng
dc.type.localArtículospa

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