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What explains schooling differences across countries?

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  • Córdoba, Juan Carlos
  • Ripoll, Marla

Abstract

This paper provides a theory that explains the cross-country distribution of average years of schooling, as well as the so called human capital premium puzzle. In our theory, credit frictions as well as differences in access to public education, fertility and mortality turn out to be the key reasons why schooling differs across countries. Differences in growth rates and in wages are second order.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Monetary Economics.

Volume (Year): 60 (2013)
Issue (Month): 2 ()
Pages: 184-202

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Handle: RePEc:eee:moneco:v:60:y:2013:i:2:p:184-202

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Web page: http://www.elsevier.com/locate/inca/505566

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Cited by:
  1. Diego Restuccia & Guillaume Vandenbroucke, 2011. "Explaining Educational Attainment across Countries and over Time," Working Papers tecipa-433, University of Toronto, Department of Economics.
  2. Cordoba, Juan Carlos & Ripoll, Marla, 2012. "Barro-Becker with Credit Frictions," Staff General Research Papers 35531, Iowa State University, Department of Economics.
  3. Lance Lochner & Alexander Monge-Naranjo, 2011. "Credit Constraints in Education," NBER Working Papers 17435, National Bureau of Economic Research, Inc.
  4. German Cubas & B. Ravikumar & Gustavo Ventura, 2013. "Talent, labor quality, and economic development," Working Papers 2013-027, Federal Reserve Bank of St. Louis.

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