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Macroeconomic Effects of ‘Free’ Secondary Schooling in the Developing World

Author

Listed:
  • Junichi Fujimoto
  • David Lagakos
  • Mitchell VanVuren

Abstract

This paper studies the macroeconomic effects of publicly funded (‘free’) secondary schooling in the developing world. Our analysis is based on an over-lapping generations model of human capital accumulation that we estimate to match experimental evidence on the effects of scholarships for poor but talented students in Ghana. The model predicts that nationwide free secondary schooling increases average education levels but reduces GDP per capita in the long run. The human capital gains from free schooling in the model are offset by lost income during schooling years, negative selection of new students, and reductions in fertility by high-ability households.

Suggested Citation

  • Junichi Fujimoto & David Lagakos & Mitchell VanVuren, 2023. "Macroeconomic Effects of ‘Free’ Secondary Schooling in the Developing World," NBER Working Papers 31029, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:31029
    Note: DEV ED EFG
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    Cited by:

    1. Ma, Xiao & Nakab, Alejandro & Zhang, Yiran, 2023. "Skill Acquisition and the Gains from Trade: A Cross-country Quantitative Analysis," MPRA Paper 117808, University Library of Munich, Germany.

    More about this item

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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