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Which level of schooling has the greatest economic impact on output?

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  • Stephen Knowles

Abstract

An assessment is made of whether primary, secondary or tertiary education has the greatest impact on national income. An aggregate production function is estimated for a cross-section of 77 countries which disaggregates the labour force on the basis of the highest level of schooling attained. The results imply that for both high-income and less developed countries the marginal product of labour increases with each successive level of schooling. Tertiary education has the greatest economic impact.

Suggested Citation

  • Stephen Knowles, 1997. "Which level of schooling has the greatest economic impact on output?," Applied Economics Letters, Taylor & Francis Journals, vol. 4(3), pages 177-180.
    • Handle: RePEc:taf:apeclt:v:4:y:1997:i:3:p:177-180
    DOI: 10.1080/135048597355465
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    References listed on IDEAS

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    Cited by:

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    3. Chun-Li Tsai & Ming-Cheng Hung & Kevin Harriott, 2010. "Human Capital Composition and Economic Growth," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 99(1), pages 41-59, October.

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