A New Data Set of Educational Attainment in the World, 1950–2010
AbstractOur panel data set on educational attainment has been updated for 146 countries from 1950 to 2010. The data are disaggregated by sex and by 5-year age intervals. We have improved the accuracy of estimation by using information from consistent census data, disaggregated by age group, along with new estimates of mortality rates and completion rates by age and education level. We use these new data to investigate how output relates to the stock of human capital, measured by overall years of schooling as well as by the composition of educational attainment of workers at various levels of education. We find schooling has a significantly positive effect on output. After controlling for the simultaneous determination of human capital and output, by using the 10-year lag of parents‘ education as an instrument variable (IV) for the current level of education, the estimated rate-of-return to an additional year of schooling ranges from 5% to 12%, close to typical Mincerian return estimates found in the labor literature.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 15902.
Date of creation: Apr 2010
Date of revision:
Note: EFG ME PE
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Find related papers by JEL classification:
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
- I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-04-24 (All new papers)
- NEP-DEV-2010-04-24 (Development)
- NEP-EDU-2010-04-24 (Education)
- NEP-HRM-2010-04-24 (Human Capital & Human Resource Management)
- NEP-LAB-2010-04-24 (Labour Economics)
- NEP-LTV-2010-04-24 (Unemployment, Inequality & Poverty)
- NEP-NEU-2010-04-24 (Neuroeconomics)
- NEP-OPM-2010-04-24 (Open Economy Macroeconomic)
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