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The Effects of Education Quality on Income Growth and Mortality Decline

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  • Eliot A. Jamison
  • Dean T. Jamison
  • Eric A. Hanushek

Abstract

Previous work shows that higher levels of education quality (as measured by international student achievement tests) increases growth rates of national income. This paper begins by confirming those findings in an analysis involving more countries over more time with additional controls. We then use the panel structure of our data to assess whether the mechanism by which education quality appears to improve per capita income levels is through shifting the level of the production function (probably not), through increasing the impact of an additional year of education (probably not), or through increasing a country's rate of technological progress (very likely). Mortality rates complement income levels as indicators of national well-being and we extend our panel models to show that improved education quality increases the rate of decline in infant mortality. Throughout the analysis, we find a stronger impact of education quality and of years of schooling in open than in closed economies.

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Bibliographic Info

Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 12652.

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Date of creation: Oct 2006
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Handle: RePEc:nbr:nberwo:12652

Note: ED EFG ITI LS CH HE
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Cited by:
  1. Aysit Tansel & Nil Demet Gungor, 2012. "Gender Effects of Education on Economic Development in Turkey," ERC Working Papers 1203, ERC - Economic Research Center, Middle East Technical University, revised Apr 2012.
  2. Dean Jamison & Prabhat Jha & David E. Bloom, 2008. "Disease Control," PGDA Working Papers 3508, Program on the Global Demography of Aging.
  3. Ljungberg, Jonas, 2013. "A Scientific Revolution that Made Life Longer. Schooling and the Decline of Infant Mortality in Europe," Lund Papers in Economic History 127, Department of Economic History, Lund University.
  4. Torberg Falch & Justina AV Fischer, 2008. "Does a generous welfare state crowd out student achievement? Panel data evidence from international student tests," TWI Research Paper Series 31, Thurgauer Wirtschaftsinstitut, Universität Konstanz.
  5. Joëlle Noailly & Suncica Vujic & Ali Aouragh, 2009. "The effects of competition on the quality of primary schools in the Netherlands," CPB Discussion Paper 120, CPB Netherlands Bureau for Economic Policy Analysis.
  6. Breton, Theodore R., 2011. "The quality vs. the quantity of schooling: What drives economic growth?," Economics of Education Review, Elsevier, vol. 30(4), pages 765-773, August.
  7. Das, Jishnu & Zajonc, Tristan, 2010. "India shining and Bharat drowning: Comparing two Indian states to the worldwide distribution in mathematics achievement," Journal of Development Economics, Elsevier, vol. 92(2), pages 175-187, July.

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