Does Investment in Schooling Raise National Income? Evidence from Cross-Country Studies

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dc.citation.epage120
dc.citation.issue32
dc.citation.journalAbbreviatedTitleEcos de Economíaeng
dc.citation.journalTitleEcos de Economia: A Latin American journal of applied economicseng
dc.citation.spage99
dc.citation.volume15
dc.contributor.affiliationUniversidad EAFITspa
dc.contributor.authorBreton, Theodore Richardspa
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.date10/04/2011
dc.date.accessioned2020-01-31T18:34:27Z
dc.date.available2020-01-31T18:34:27Z
dc.date.issued10/04/2011
dc.descriptionThe 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 capital due to schooling’s spillover effect on the productivity of these other factors of production.  This paper reviews the estimates of the income elasticity of these three effects in the literature and finds that the evidence supports an elasticity of 0.34.  The associated marginal rates of return on national investment in schooling in 2000 are found to average about 12 percent in countries with high levels of schooling and about 25 percent in countries with low levels of schooling.eng
dc.formatapplication/pdf
dc.identifier.issn2462-8107
dc.identifier.issn1657-4206
dc.identifier.urihttp://hdl.handle.net/10784/15506
dc.language.isospa
dc.publisherUniversidad EAFITspa
dc.relation.ispartofEcos de Economía, Vol 15, No 32 (2011)
dc.relation.isversionofhttp://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/325/331
dc.relation.urihttp://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/325/331
dc.rightsCopyright (c) 2011 Theodore Richard Bretoneng
dc.rights.accessrightsinfo:eu-repo/semantics/openAccesseng
dc.rights.localAcceso abiertospa
dc.sourceinstname:Universidad EAFIT
dc.sourcereponame:Repositorio Institucional Universidad EAFIT
dc.sourceEcos de Economía, Vol 15, No 32 (2011)spa
dc.subjectE23
dc.subjectF43
dc.subjectI21
dc.subjectO11
dc.subjectO15
dc.subjectO47
dc.subject.keywordHuman Capitaleng
dc.subject.keywordSchoolingeng
dc.subject.keywordEducationeng
dc.subject.keywordPhysical Capitaleng
dc.subject.keywordNational Incomeeng
dc.subject.keywordEconomic Growtheng
dc.titleDoes Investment in Schooling Raise National Income? Evidence from Cross-Country Studieseng
dc.typearticleeng
dc.typeinfo:eu-repo/semantics/articleeng
dc.typepublishedVersioneng
dc.typeinfo:eu-repo/semantics/publishedVersioneng
dc.type.localArtículospa

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Ecos de Economía, Vol. 15, No. 32 (2011)
Vol 15, No 32 (2011)