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What explains schooling differences across countries?

  • Cordoba, Juan Carlos
  • Ripoll, Marla

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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Paper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 36066.

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Date of creation: 01 Mar 2013
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Publication status: Published in Journal of Monetary Economics, March 2013, vol. 60 no. 2, pp. 184-202
Handle: RePEc:isu:genres:36066
Contact details of provider: Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
Phone: +1 515.294.6741
Fax: +1 515.294.0221
Web page: http://www.econ.iastate.edu
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  38. Datcher, Linda P, 1982. "Effects of Community and Family Background on Achievement," The Review of Economics and Statistics, MIT Press, vol. 64(1), pages 32-41, February.
  39. Cordoba, Juan Carlos & Ripoll, Marla, 2011. "A Contribution to the Economic Theory of Fertility," Staff General Research Papers 33899, Iowa State University, Department of Economics.
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