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

The 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 f...

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Autores:
Breton, Theodore Richard
Tipo de recurso:
Fecha de publicación:
2020
Institución:
Universidad EAFIT
Repositorio:
Repositorio EAFIT
Idioma:
spa
OAI Identifier:
oai:repository.eafit.edu.co:10784/15506
Acceso en línea:
http://hdl.handle.net/10784/15506
Palabra clave:
E23
F43
I21
O11
O15
O47
Human Capital
Schooling
Education
Physical Capital
National Income
Economic Growth
Rights
License
Copyright (c) 2011 Theodore Richard Breton
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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 degrees10/04/20112020-01-31T18:34:27Z10/04/20112020-01-31T18:34:27Z2462-81071657-4206http://hdl.handle.net/10784/15506The 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.application/pdfspaUniversidad EAFITEcos de Economía, Vol 15, No 32 (2011)http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/325/331http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/325/331Copyright (c) 2011 Theodore Richard BretonAcceso abiertohttp://purl.org/coar/access_right/c_abf2instname:Universidad EAFITreponame:Repositorio Institucional Universidad EAFITEcos de Economía, Vol 15, No 32 (2011)E23F43I21O11O15O47Human CapitalSchoolingEducationPhysical CapitalNational IncomeEconomic GrowthDoes Investment in Schooling Raise National Income? Evidence from Cross-Country Studiesarticleinfo:eu-repo/semantics/articlepublishedVersioninfo:eu-repo/semantics/publishedVersionArtículohttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1Breton, Theodore RichardUniversidad EAFITEcos de Economia: A Latin American journal of applied economics153299120Ecos de EconomíaORIGINALdocument - 2020-03-11T110136.299.pdfdocument - 2020-03-11T110136.299.pdfTexto completo PDFapplication/pdf1815933https://repository.eafit.edu.co/bitstreams/d435380b-8ebc-4a99-92cf-f80c1c7646e7/download46e2309e63a7229f263dab2bb3318139MD51articulo.htmlarticulo.htmlTexto completo HTMLtext/html376https://repository.eafit.edu.co/bitstreams/e5db7596-f4aa-4479-b071-72757d4a0121/downloadd3aec2137a2c1073ba3d167379324529MD53THUMBNAILminaitura-ecos_Mesa de trabajo 1.jpgminaitura-ecos_Mesa de trabajo 1.jpgimage/jpeg251248https://repository.eafit.edu.co/bitstreams/cbc210de-8266-426e-9fe1-0aea139e50e1/download9b15d674b076c1793a0bc25cebb1bcefMD5210784/15506oai:repository.eafit.edu.co:10784/155062020-03-18 13:08:20.038open.accesshttps://repository.eafit.edu.coRepositorio Institucional Universidad EAFITrepositorio@eafit.edu.co
dc.title.eng.fl_str_mv Does Investment in Schooling Raise National Income? Evidence from Cross-Country Studies
title Does Investment in Schooling Raise National Income? Evidence from Cross-Country Studies
spellingShingle Does Investment in Schooling Raise National Income? Evidence from Cross-Country Studies
E23
F43
I21
O11
O15
O47
Human Capital
Schooling
Education
Physical Capital
National Income
Economic Growth
title_short Does Investment in Schooling Raise National Income? Evidence from Cross-Country Studies
title_full Does Investment in Schooling Raise National Income? Evidence from Cross-Country Studies
title_fullStr Does Investment in Schooling Raise National Income? Evidence from Cross-Country Studies
title_full_unstemmed Does Investment in Schooling Raise National Income? Evidence from Cross-Country Studies
title_sort Does Investment in Schooling Raise National Income? Evidence from Cross-Country Studies
dc.creator.fl_str_mv Breton, Theodore Richard
dc.contributor.author.spa.fl_str_mv Breton, Theodore Richard
dc.contributor.affiliation.spa.fl_str_mv Universidad EAFIT
dc.subject.none.fl_str_mv E23
F43
I21
O11
O15
O47
topic E23
F43
I21
O11
O15
O47
Human Capital
Schooling
Education
Physical Capital
National Income
Economic Growth
dc.subject.keyword.eng.fl_str_mv Human Capital
Schooling
Education
Physical Capital
National Income
Economic Growth
description The 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.
publishDate 2020
dc.date.issued.none.fl_str_mv 10/04/2011
dc.date.available.none.fl_str_mv 2020-01-31T18:34:27Z
dc.date.accessioned.none.fl_str_mv 2020-01-31T18:34:27Z
dc.date.none.fl_str_mv 10/04/2011
dc.type.eng.fl_str_mv article
info:eu-repo/semantics/article
publishedVersion
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dc.type.local.spa.fl_str_mv Artículo
status_str publishedVersion
dc.identifier.issn.none.fl_str_mv 2462-8107
1657-4206
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/10784/15506
identifier_str_mv 2462-8107
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url http://hdl.handle.net/10784/15506
dc.language.iso.none.fl_str_mv spa
language spa
dc.relation.ispartof.none.fl_str_mv Ecos de Economía, Vol 15, No 32 (2011)
dc.relation.isversionof.none.fl_str_mv http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/325/331
dc.relation.uri.none.fl_str_mv http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/325/331
dc.rights.eng.fl_str_mv Copyright (c) 2011 Theodore Richard Breton
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_abf2
dc.rights.local.spa.fl_str_mv Acceso abierto
rights_invalid_str_mv Copyright (c) 2011 Theodore Richard Breton
Acceso abierto
http://purl.org/coar/access_right/c_abf2
dc.format.none.fl_str_mv application/pdf
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.source.none.fl_str_mv instname:Universidad EAFIT
reponame:Repositorio Institucional Universidad EAFIT
dc.source.spa.fl_str_mv Ecos de Economía, Vol 15, No 32 (2011)
instname_str Universidad EAFIT
institution Universidad EAFIT
reponame_str Repositorio Institucional Universidad EAFIT
collection Repositorio Institucional Universidad EAFIT
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