Output growth in the post‐compulsory education sector: the European experience
AbstractThis paper analyses the problem of measuring the output of the education sector. It uses a combination of the index number approach with the education return methods. This allows us to take into account not only the number of students but also the labour outcomes corresponding to each type of education. As a result we obtain comprehensive measures of output based on enrollment, completion rates, expected wages, employability and labour market participation issues. We apply this approach to estimate the rates of growth of the output of the post-compulsory education sectors of 27 European countries over the period 2005‐2009. The results show the importance of complementing raw educational data with labour outcome information when measuring output in this sector.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 44016.
Date of creation: Dec 2012
Date of revision:
education sector; Output; Europe;
Find related papers by JEL classification:
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-02-03 (All new papers)
- NEP-EDU-2013-02-03 (Education)
- NEP-EUR-2013-02-03 (Microeconomic European Issues)
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