Were Mankiw, Romer, and Weil Right? A reconciliation of the Micro and Macro Effects of Schooling on Income.

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dc.contributor.authorBreton, Theodore R.
dc.coverage.spatialMedellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degreeseng
dc.creator.emailtbreton@eafit.edu.cospa
dc.creator.emailted.breton@gmail.comspa
dc.date.accessioned2013-03-09T21:21:20Z
dc.date.available2013-03-08
dc.date.available2013-03-09T21:21:20Z
dc.date.issued2011-10-03
dc.description.abstractThe marginal product of human capital in Mankiw, Romer, and Weil’s [1992] augmented Solow model measures the direct and two external effects of human capital created from schooling on national income. If this model is valid, its estimates of the share of this marginal product accruing to workers should be consistent with estimates of the marginal return on investment in schooling in workers’ earnings’ studies. This paper uses a new set of data for the net human capital stock to show that in 1990 the micro and macro rates are consistent across 36 countries.eng
dc.identifier.jelE13
dc.identifier.jelI21
dc.identifier.jelO11
dc.identifier.jelO15
dc.identifier.jelO41
dc.identifier.urihttp://hdl.handle.net/10784/578
dc.language.isoengeng
dc.rights.accessrightsinfo:eu-repo/semantics/openAccesseng
dc.rights.localAcceso abiertospa
dc.subject.keywordHuman Capitaleng
dc.subject.keywordEducationeng
dc.subject.keywordSchoolingeng
dc.subject.keywordNeoclassical Modeleng
dc.subject.keywordEconomic Growtheng
dc.titleWere Mankiw, Romer, and Weil Right? A reconciliation of the Micro and Macro Effects of Schooling on Income.eng
dc.typeworkingPapereng
dc.typeinfo:eu-repo/semantics/workingPapereng
dc.type.hasVersiondrafteng
dc.type.localDocumento de trabajo de investigaciónspa

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