Schooling and National Income: How Large Are the Externalities?

This paper uses a new data set for cumulative national investment in formal schooling and a newinstrument 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 exter...

Full description

Autores:
Breton, Theodore R.
Tipo de recurso:
Fecha de publicación:
2007
Institución:
Universidad EAFIT
Repositorio:
Repositorio EAFIT
Idioma:
spa
OAI Identifier:
oai:repository.eafit.edu.co:10784/2437
Acceso en línea:
http://hdl.handle.net/10784/2437
Palabra clave:
Human Capital
Education
Economic Growth
External Benefits
Rights
License
Acceso abierto
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spelling Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees2014-05-30T21:37:51Z2007-05-012014-05-30T21:37:51Zhttp://hdl.handle.net/10784/2437E13I21O11O15O41This paper uses a new data set for cumulative national investment in formal schooling and a newinstrument 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 percent in high-income countries to over 50 percent 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.spaUniversidad EAFITEscuela de Economía y FinanzasSchooling and National Income: How Large Are the Externalities?workingPaperinfo:eu-repo/semantics/workingPaperDocumento de trabajo de investigacióndrafthttp://purl.org/coar/version/c_b1a7d7d4d402bccehttp://purl.org/coar/resource_type/c_8042Acceso abiertohttp://purl.org/coar/access_right/c_abf2Human CapitalEducationEconomic GrowthExternal Benefitsted.breton@gmail.comBreton, Theodore R.ORIGINAL2007_10_Theodore_Breton.pdf2007_10_Theodore_Breton.pdfapplication/pdf647418https://repository.eafit.edu.co/bitstreams/54fd2f57-bcac-4e9b-a250-8431d832b20a/download5e20f64d887f477abc2369e5cf649728MD51Ed Econ-Externalities-Rev Estimates 10-19-2010.pdfEd Econ-Externalities-Rev Estimates 10-19-2010.pdfapplication/pdf151298https://repository.eafit.edu.co/bitstreams/408041b9-7b38-4fa7-b07c-8ce56957c69f/downloadb4e0b31829f8354aba13828df84e0803MD53LICENSElicense.txtlicense.txttext/plain; charset=utf-81145https://repository.eafit.edu.co/bitstreams/38ef4803-c6a9-481e-9802-c2c46e7074ec/downloada4a15015cc3b57a4390e89906678ba6eMD5210784/2437oai:repository.eafit.edu.co:10784/24372024-03-05 14:06:01.893open.accesshttps://repository.eafit.edu.coRepositorio Institucional Universidad EAFITrepositorio@eafit.edu.co
dc.title.eng.fl_str_mv Schooling and National Income: How Large Are the Externalities?
title Schooling and National Income: How Large Are the Externalities?
spellingShingle Schooling and National Income: How Large Are the Externalities?
Human Capital
Education
Economic Growth
External Benefits
title_short Schooling and National Income: How Large Are the Externalities?
title_full Schooling and National Income: How Large Are the Externalities?
title_fullStr Schooling and National Income: How Large Are the Externalities?
title_full_unstemmed Schooling and National Income: How Large Are the Externalities?
title_sort Schooling and National Income: How Large Are the Externalities?
dc.creator.fl_str_mv Breton, Theodore R.
dc.contributor.eafitauthor.none.fl_str_mv ted.breton@gmail.com
dc.contributor.author.none.fl_str_mv Breton, Theodore R.
dc.subject.keyword.eng.fl_str_mv Human Capital
Education
Economic Growth
External Benefits
topic Human Capital
Education
Economic Growth
External Benefits
description This paper uses a new data set for cumulative national investment in formal schooling and a newinstrument 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 percent in high-income countries to over 50 percent 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.
publishDate 2007
dc.date.issued.none.fl_str_mv 2007-05-01
dc.date.available.none.fl_str_mv 2014-05-30T21:37:51Z
dc.date.accessioned.none.fl_str_mv 2014-05-30T21:37:51Z
dc.type.eng.fl_str_mv workingPaper
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dc.coverage.spatial.eng.fl_str_mv Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees
dc.publisher.spa.fl_str_mv Universidad EAFIT
dc.publisher.department.spa.fl_str_mv Escuela de Economía y Finanzas
institution Universidad EAFIT
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