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 R.
Tipo de recurso:
Fecha de publicación:
2011
Institución:
Universidad EAFIT
Repositorio:
Repositorio EAFIT
Idioma:
eng
OAI Identifier:
oai:repository.eafit.edu.co:10784/7557
Acceso en línea:
http://hdl.handle.net/10784/7557
Palabra clave:
Human Capital
Schooling
Education, Physical Capital
National Income
Economic Growth
Rights
License
openAccess
id REPOEAFIT2_da01a2965a98d651de0788874d459544
oai_identifier_str oai:repository.eafit.edu.co:10784/7557
network_acronym_str REPOEAFIT2
network_name_str Repositorio EAFIT
repository_id_str
spelling 20112015-11-06T16:27:23Z20112015-11-06T16:27:23Z1657-4206http://hdl.handle.net/10784/7557The 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.engUniversidad EAFITEcos de Economía. Vol.15(32), 2011, pp.99-120http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/325/331http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/325/331openAccessThis work is licensed under a Creative Commons Attribution 3.0 License.Acceso abiertohttp://purl.org/coar/access_right/c_abf2Ecos de Economía. Vol.15(32), 2011, pp.99-120Does Investment in Schooling Raise National Income? Evidence from Cross-Country Studiesarticleinfo: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 CapitalSchoolingEducation, Physical CapitalNational IncomeEconomic GrowthEscuela de Economía y FinanzasEconomíaBreton, Theodore R.Universidad EAFIT, Escuela de Economía y Finanzas, Departamento de Economía, Medellín, Colombia.Estudios en Economía y EmpresaEcos de Economía15329912010784/7557oai:repository.eafit.edu.co:10784/75572015-11-06 16:38:09.629metadata.onlyhttps://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
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 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
Schooling
Education, Physical Capital
National Income
Economic Growth
topic 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 2011
dc.date.issued.none.fl_str_mv 2011
dc.date.available.none.fl_str_mv 2015-11-06T16:27:23Z
dc.date.accessioned.none.fl_str_mv 2015-11-06T16:27:23Z
dc.date.none.fl_str_mv 2011
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 1657-4206
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/10784/7557
identifier_str_mv 1657-4206
url http://hdl.handle.net/10784/7557
dc.language.iso.eng.fl_str_mv eng
language eng
dc.relation.ispartof.spa.fl_str_mv Ecos de Economía. Vol.15(32), 2011, pp.99-120
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 openAccess
dc.rights.spa.fl_str_mv This work is licensed under a Creative Commons Attribution 3.0 License.
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 openAccess
This work is licensed under a Creative Commons Attribution 3.0 License.
Acceso abierto
http://purl.org/coar/access_right/c_abf2
dc.publisher.eng.fl_str_mv Universidad EAFIT
dc.source.spa.fl_str_mv Ecos de Economía. Vol.15(32), 2011, pp.99-120
institution Universidad EAFIT
repository.name.fl_str_mv Repositorio Institucional Universidad EAFIT
repository.mail.fl_str_mv repositorio@eafit.edu.co
_version_ 1814110107521253376

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