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What Explains Schooling Differences Across Countries?

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  • Juan Carlos Cordoba

    ()
    (Iowa State University)

  • Marla Ripoll

    ()
    (University of Pittsburgh)

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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File URL: http://humcap.uchicago.edu/RePEc/hka/wpaper/Cordoba_Ripoll_2011_what-explains-schooling.pdf
File Function: First version, May 2011
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Bibliographic Info

Paper provided by Human Capital and Economic Opportunity Working Group in its series Working Papers with number 2011-028.

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Date of creation: May 2011
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Handle: RePEc:hka:wpaper:2011-028

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Keywords: human capital; per capita income differences; life expectancy; public education spending; life cycle model;

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References

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Citations

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Cited by:
  1. Cordoba, Juan Carlos & Ripoll, Marla, 2012. "Barro-Becker with Credit Frictions," Staff General Research Papers 35532, Iowa State University, Department of Economics.
  2. Diego Restuccia & Guillaume Vandenbroucke, . "Explaining Educational Attainment across Countries and over Time," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics.
  3. Lance Lochner & Alexander Monge-Naranjo, 2011. "Credit Constraints in Education," Working Papers 2011-036, Human Capital and Economic Opportunity Working Group.
  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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