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 new instrument 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 exte...

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Autores:
Breton, Theodore R.
Tipo de recurso:
Fecha de publicación:
2010
Institución:
Universidad EAFIT
Repositorio:
Repositorio EAFIT
Idioma:
eng
OAI Identifier:
oai:repository.eafit.edu.co:10784/7564
Acceso en línea:
http://hdl.handle.net/10784/7564
Palabra clave:
human capital
education
schooling
economic growth
external benefits
Rights
License
restrictedAccess
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oai_identifier_str oai:repository.eafit.edu.co:10784/7564
network_acronym_str REPOEAFIT2
network_name_str Repositorio EAFIT
repository_id_str
spelling 20102015-11-06T16:27:24Z20102015-11-06T16:27:24Z1469-5782http://hdl.handle.net/10784/756410.1080/09645290801939645This paper uses a new data‐set for cumulative national investment in formal schooling and a new instrument 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% in high‐income countries to over 50% 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.engRoutledgeEducation Economics. Vol.18(1), 2010, pp.67-92http://www.tandfonline.com/doi/abs/10.1080/09645290801939645#.VHX3qjGG9rchttp://www.tandfonline.com/doi/abs/10.1080/09645290801939645#.VHX3qjGG9rcrestrictedAccessAcceso restringidohttp://purl.org/coar/access_right/c_16ecEducation Economics. Vol.18(1), 2010, pp.67-92Schooling and National Income: How Large Are the Externalities?articleinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArtículopublishedVersionObra publicadahttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1human capitaleducationschoolingeconomic growthexternal benefitsEscuela de Economía y FinanzasEconomíaBreton, Theodore R.Universidad EAFIT, Escuela de Economía y Finanzas, Departamento de Economía, Medellín, Colombia.Estudios en Economía y EmpresaEducation Economics181679210784/7564oai:repository.eafit.edu.co:10784/75642015-11-06 16:36:49.598metadata.onlyhttps://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
schooling
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.department.spa.fl_str_mv Escuela de Economía y Finanzas
Economía
dc.contributor.author.spa.fl_str_mv Breton, Theodore R.
dc.contributor.affiliation.spa.fl_str_mv Universidad EAFIT, Escuela de Economía y Finanzas, Departamento de Economía, Medellín, Colombia.
dc.contributor.program.spa.fl_str_mv Estudios en Economía y Empresa
dc.subject.keyword.eng.fl_str_mv human capital
education
schooling
economic growth
external benefits
topic human capital
education
schooling
economic growth
external benefits
description This paper uses a new data‐set for cumulative national investment in formal schooling and a new instrument 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% in high‐income countries to over 50% 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 2010
dc.date.issued.none.fl_str_mv 2010
dc.date.available.none.fl_str_mv 2015-11-06T16:27:24Z
dc.date.accessioned.none.fl_str_mv 2015-11-06T16:27:24Z
dc.date.none.fl_str_mv 2010
dc.type.eng.fl_str_mv article
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
dc.type.coarversion.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_6501
http://purl.org/coar/resource_type/c_2df8fbb1
dc.type.local.spa.fl_str_mv Artículo
dc.type.hasVersion.eng.fl_str_mv publishedVersion
dc.type.hasVersion.spa.fl_str_mv Obra publicada
status_str publishedVersion
dc.identifier.issn.none.fl_str_mv 1469-5782
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/10784/7564
dc.identifier.doi.none.fl_str_mv 10.1080/09645290801939645
identifier_str_mv 1469-5782
10.1080/09645290801939645
url http://hdl.handle.net/10784/7564
dc.language.iso.eng.fl_str_mv eng
language eng
dc.relation.ispartof.spa.fl_str_mv Education Economics. Vol.18(1), 2010, pp.67-92
dc.relation.isversionof.none.fl_str_mv http://www.tandfonline.com/doi/abs/10.1080/09645290801939645#.VHX3qjGG9rc
dc.relation.uri.none.fl_str_mv http://www.tandfonline.com/doi/abs/10.1080/09645290801939645#.VHX3qjGG9rc
dc.rights.eng.fl_str_mv restrictedAccess
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_16ec
dc.rights.local.spa.fl_str_mv Acceso restringido
rights_invalid_str_mv restrictedAccess
Acceso restringido
http://purl.org/coar/access_right/c_16ec
dc.publisher.eng.fl_str_mv Routledge
dc.source.spa.fl_str_mv Education Economics. Vol.18(1), 2010, pp.67-92
institution Universidad EAFIT
repository.name.fl_str_mv Repositorio Institucional Universidad EAFIT
repository.mail.fl_str_mv repositorio@eafit.edu.co
_version_ 1814110276393369600

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