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Retorno em Escolaridade no Paraná

Author

Listed:
  • Juliana K. Van Zaist
  • Luciano Nakabashi

    () (Department of Economics, Universidade Federal do Paraná)

  • Márcio A. Salvato

    (Pontifícia Universidade Católica de Minas Gerais)

Abstract

The Brazilian educational system low quality is considered as an obstacle for its economic growth. One way to overcome such situation is to improve the quality of education which, in turn, depends on the correct identification of the investment priorities on the different levels of education, due to government budgetary restriction. Therefore, the present study main goal is to analyze which one is the most important level of education on income generation and economic growth in Paraná State by means of 2005 PNAD micro data and HECKMAN procedure (1979). To accomplish this objective, the returns of different levels of education were estimated and the conclusion is that the undergraduate level is the one that brings the highest return. However, this does not imply that the other educational levels are not crucial in the policy makers’ decision of educational resources allocation.

Suggested Citation

  • Juliana K. Van Zaist & Luciano Nakabashi & Márcio A. Salvato, 2008. "Retorno em Escolaridade no Paraná," Working Papers 0072, Universidade Federal do Paraná, Department of Economics.
  • Handle: RePEc:fup:wpaper:0072
    Note: Creation Date corresponds to the year in which the paper was published on the Department of Economics website. The paper may have been written a small number of months before its publication date.
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    References listed on IDEAS

    as
    1. Hartog,Joop & Maassen van den Brink,Henriëtte (ed.), 2007. "Human Capital," Cambridge Books, Cambridge University Press, number 9780521873161, May.
    2. Benhabib, Jess & Spiegel, Mark M., 1994. "The role of human capital in economic development evidence from aggregate cross-country data," Journal of Monetary Economics, Elsevier, vol. 34(2), pages 143-173, October.
    3. Ferreira, Pedro Cavalcanti & Issler, Joao Victor & de Abreu Pessoa, Samuel, 2004. "Testing production functions used in empirical growth studies," Economics Letters, Elsevier, vol. 83(1), pages 29-35, April.
    4. Chris Papageorgiou, 2003. "Distinguishing Between the Effects of Primary and Post-primary Education on Economic Growth," Review of Development Economics, Wiley Blackwell, vol. 7(4), pages 622-635, November.
    5. Theodore W. Schultz, 1962. "Reflections on Investment in Man," Journal of Political Economy, University of Chicago Press, vol. 70, pages 1-1.
    6. Robert E. Hall & Charles I. Jones, 1999. "Why do Some Countries Produce So Much More Output Per Worker than Others?," The Quarterly Journal of Economics, Oxford University Press, vol. 114(1), pages 83-116.
    7. Luciano Nakabashi & Márcio A. Salvato, 2007. "Human Capital Quality in the Brazilian States," Economia, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 8(2), pages 211-222.
    8. Peter J. Klenow & Mark Bils, 2000. "Does Schooling Cause Growth?," American Economic Review, American Economic Association, vol. 90(5), pages 1160-1183, December.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Returns of different levels of education; HECKMAN Procedure; Educational system investment;

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy

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