Education for Growth: Why and For Whom?
Abstract
This paper summarizes and tries to reconcile evidence from the microeconometric and empirical macro growth literatures on the effect of schooling on income and GDP growth. Much microeconometric evidence suggests that education is an important causal determinant of income for individuals within countries. At a national level, however, recent studies have found that increases in educational attainment are unrelated to economic growth. This discrepancy appears to be a result of the high rate of measurement error in first-differenced cross-country education data. After accounting for measurement error, the effect of changes in educational attainment on income growth in cross-country data is at least as great as microeconometric estimates of the rate of return to years of schooling. Another finding of the macro growth literature--that economic growth depends positively on the initial stock of human capital--is not robust when the assumption of a constant-coefficient model is relaxed.(This abstract was borrowed from another version of this item.)
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Paper provided by Princeton University, Department of Economics, Industrial Relations Section. in its series Working Papers with number 808.Length:
Date of creation: Jan 2000
Date of revision:
Handle: RePEc:pri:indrel:808
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Related research
Keywords: education; growth;Other versions of this item:
- Mikael Lindahl & Alan B. Krueger, 2001. "Education for Growth: Why and for Whom?," Journal of Economic Literature, American Economic Association, vol. 39(4), pages 1101-1136, December.
- Alan B. Krueger & Mikael Lindahl, 2000. "Education for Growth: Why and For Whom?," NBER Working Papers 7591, National Bureau of Economic Research, Inc.
- N96 - Economic History - - Regional and Urban History - - - Latin America; Caribbean
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As found by EconAcademics.org, the blog aggregator for Economics research:- ?emu slui Obrazovanje Odgovor prof. iki?u
by cronomy in Cronomy on 2012-05-04 02:26:58
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