Does investment in schooling raise national income? Evidence from cross-country studies

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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.accessioned2013-03-09T21:21:05Z
dc.date.available2013-03-08
dc.date.available2013-03-09T21:21:05Z
dc.date.issued2011-06-05
dc.description.abstractThe 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.identifier.jelE23
dc.identifier.jelF43
dc.identifier.jelI21
dc.identifier.jelO11
dc.identifier.jelO15
dc.identifier.jelO47
dc.identifier.urihttp://hdl.handle.net/10784/576
dc.language.isoengeng
dc.rights.accessrightsinfo:eu-repo/semantics/openAccesseng
dc.rights.localAcceso abiertospa
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.typeworkingPapereng
dc.typeinfo:eu-repo/semantics/workingPapereng
dc.type.hasVersiondrafteng
dc.type.localDocumento de trabajo de investigaciónspa

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