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The Effects of Education Quality on Income Growth and Mortality Decline

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Author Info
Eliot A. Jamison
Dean T. Jamison
Eric A. Hanushek

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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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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

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Find related papers by JEL classification:
F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
I2 - Health, Education, and Welfare - - Education
J0 - Labor and Demographic Economics - - General
J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
I1 - Health, Education, and Welfare - - Health

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References listed on IDEAS
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Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Dean Jamison & Prabhat Jha & David E. Bloom, 2008. "Disease Control," PGDA Working Papers 3508, Program on the Global Demography of Aging. [Downloadable!]
  2. Joëlle Noailly & Suncica Vujic & Ali Aouragh, 2009. "The effects of competition on the quality of primary schools in the Netherlands," CPB Discussion Papers 120, CPB Netherlands Bureau for Economic Policy Analysis. [Downloadable!]
  3. Torberg Falch & Justina A.V. Fischer, 2008. "Does a Generous Welfare State Crowd out Student Achievement? Panel Data Evidence from International Student Tests," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
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