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What Explains Schooling Differences Across Countries?

  • Juan Carlos Cordoba

    ()

    (Iowa State University)

  • Marla Ripoll

    ()

    (University of Pittsburgh)

This paper provides a theory that explains the cross-country distribution of average years of schooling, as well as the so called human capital premium puzzle. In our theory, credit frictions as well as differences in access to public education, fertility and mortality turn out to be the key reasons why schooling differs across countries. Differences in growth rates and in wages are second order.

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File URL: http://humcap.uchicago.edu/RePEc/hka/wpaper/Cordoba_Ripoll_2011_what-explains-schooling.pdf
File Function: First version, May 2011
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Paper provided by Human Capital and Economic Opportunity Working Group in its series Working Papers with number 2011-028.

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Date of creation: May 2011
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Handle: RePEc:hka:wpaper:2011-028
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