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Retorno em Escolaridade no Paraná

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Author Info

  • Juliana K. Van Zaist
  • Luciano Nakabashi

    ()
    (Department of Economics, Universidade Federal do Paraná)

  • Márcio A. Salvato

    (Pontifícia Universidade Católica de Minas Gerais)

Abstract

The Brazilian educational system low quality is considered as an obstacle for its economic growth. One way to overcome such situation is to improve the quality of education which, in turn, depends on the correct identification of the investment priorities on the different levels of education, due to government budgetary restriction. Therefore, the present study main goal is to analyze which one is the most important level of education on income generation and economic growth in Paraná State by means of 2005 PNAD micro data and HECKMAN procedure (1979). To accomplish this objective, the returns of different levels of education were estimated and the conclusion is that the undergraduate level is the one that brings the highest return. However, this does not imply that the other educational levels are not crucial in the policy makers’ decision of educational resources allocation.

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File URL: http://www.economiaetecnologia.ufpr.br/textos_discussao/texto_para_discussao_ano_2008_texto_01.pdf
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Bibliographic Info

Paper provided by Universidade Federal do Paraná, Department of Economics in its series Working Papers with number 0072.

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Length: 29 pages
Date of creation: 2008
Date of revision:
Handle: RePEc:fup:wpaper:0072

Note: Creation Date corresponds to the year in which the paper was published on the Department of Economics website. The paper may have been written a small number of months before its publication date.
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Related research

Keywords: Returns of different levels of education; HECKMAN Procedure; Educational system investment;

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References

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  1. Luciano Nakabashi & Márcio A. Salvato, 2006. "Human Capital Quality in the Brazilian States," Working Papers 0037, Universidade Federal do Paraná, Department of Economics.
    • Luciano Nakabashi & Márcio A. Salvato, 2007. "Human Capital Quality in the Brazilian States," Economia, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 8(2), pages 211–222.
  2. Theodore W. Schultz, 1962. "Reflections on Investment in Man," Journal of Political Economy, University of Chicago Press, vol. 70, pages 1.
  3. Robert E. Hall & Charles I. Jones, 1999. "Why Do Some Countries Produce So Much More Output Per Worker Than Others?," The Quarterly Journal of Economics, MIT Press, vol. 114(1), pages 83-116, February.
  4. Ferreira, Pedro Cavalcanti Gomes & Issler, João Victor & Pessoa, Samuel de Abreu, 2003. "Testing production functions used in empirical growth studies," Economics Working Papers (Ensaios Economicos da EPGE) 507, FGV/EPGE Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
  5. Chris Papageorgiou, 2003. "Distinguishing Between the Effects of Primary and Post-primary Education on Economic Growth," Review of Development Economics, Wiley Blackwell, vol. 7(4), pages 622-635, November.
  6. Peter J. Klenow & Mark Bils, 2000. "Does Schooling Cause Growth?," American Economic Review, American Economic Association, vol. 90(5), pages 1160-1183, December.
  7. Hartog,Joop & Maassen van den Brink,Henriëtte (ed.), 2007. "Human Capital," Cambridge Books, Cambridge University Press, number 9780521873161, October.
  8. Benhabib, Jess & Spiegel, Mark M., 1994. "The role of human capital in economic development evidence from aggregate cross-country data," Journal of Monetary Economics, Elsevier, vol. 34(2), pages 143-173, October.
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