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Human capital in a global and knowledge-based economy

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  • Angel de la Fuente

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Abstract

This report is an extension and partial update of de la Fuente and Ciccone (2002). It constructs estimates of the private and social rates of return on schooling for fourteen EU countries using microeconometric estimates of Mincerian wage equations, the results of cross-country growth regressions and OECD data on educational expenditures, tax rates and social benefits. The results are used to draw some tentative conclusions regarding the optimality of observed investment patterns and educational subsidy levels.

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Paper provided by Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) in its series UFAE and IAE Working Papers with number 576.03.

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Length: 81
Date of creation: 15 Apr 2003
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Handle: RePEc:aub:autbar:576.03

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Keywords: human capital; returns to education;

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