Schooling and national income: how large are the externalities?
This paper uses a new data-set for cumulative national investment in formal schooling and a new instrument for schooling to estimate the national return on investment in 61 countries. These estimates are combined with data on the private rate of return on investment in schooling to estimate the external rate of return. In 1990 the external rate of return ranged from 10% in high-income countries to over 50% in the lowest-income countries. The external benefits of schooling are about equal to the private benefits in high-income countries and three times the private benefits in the lowest-income countries.
Volume (Year): 18 (2010)
Issue (Month): 1 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/CEDE20 |
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/CEDE20|
When requesting a correction, please mention this item's handle: RePEc:taf:edecon:v:18:y:2010:i:1:p:67-92. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.