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What explains schooling differences across countries?

Author

Listed:
  • Cordoba, Juan Carlos
  • Ripoll, Marla

Abstract

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.

Suggested Citation

  • Cordoba, Juan Carlos & Ripoll, Marla, 2013. "What explains schooling differences across countries?," ISU General Staff Papers 201303010800001089, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genstf:201303010800001089
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    Cited by:

    1. Rossi,Federico, 2018. "Human Capital and Macro-Economic Development : A Review of the Evidence," Policy Research Working Paper Series 8650, The World Bank.
    2. Lance Lochner & Alexander Monge-Naranjo, 2012. "Credit Constraints in Education," Annual Review of Economics, Annual Reviews, vol. 4(1), pages 225-256, July.
    3. Cordoba, Juan Carlos & Ripoll, Marla, 2012. "Barro-Becker with Credit Frictions," Staff General Research Papers Archive 35531, Iowa State University, Department of Economics.
    4. Ferreira, Pedro Cavalcanti & Delalibera, Bruno Ricardo, 2016. "Economic growth and complementarity between stages of human capital," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 779, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    5. van Hoorn, Andre, 2016. "The Cultural Roots of Human Capital Accumulation," MPRA Paper 80007, University Library of Munich, Germany.
    6. German Cubas & B. Ravikumar & Gustavo Ventura, 2016. "Talent, Labor Quality, and Economic Development," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 21, pages 160-181, July.
    7. Marco Di Maggio & Ankit Kalda & Vincent Yao, 2019. "Second Chance: Life without Student Debt," NBER Working Papers 25810, National Bureau of Economic Research, Inc.
    8. Rui Castro & Pavel Ševčík, 2024. "Occupational choice, human capital and financial constraints," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 57(3), pages 674-703, August.
    9. Delalibera, Bruno Ricardo & Ferreira, Pedro Cavalcanti, 2019. "Early childhood education and economic growth," Journal of Economic Dynamics and Control, Elsevier, vol. 98(C), pages 82-104.
    10. Rajashri Chakrabarti & Vyacheslav Fos & Andres Liberman & Constantine Yannelis & Tarun Ramadorai, 2023. "Tuition, Debt, and Human Capital," The Review of Financial Studies, Society for Financial Studies, vol. 36(4), pages 1667-1702.
    11. Diego Restuccia & Guillaume Vandenbroucke, 2014. "Explaining Educational Attainment across Countries and over Time," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(4), pages 824-841, October.
    12. Anurag Banerjee & Parantap Basu & Elisa Keller, 2023. "Cross‐country disparities in skill premium and skill acquisition," Economic Inquiry, Western Economic Association International, vol. 61(1), pages 179-198, January.
    13. Égert, Balázs & Botev, Jarmila & Turner, David, 2020. "The contribution of human capital and its policies to per capita income in Europe and the OECD," European Economic Review, Elsevier, vol. 129(C).
    14. Gradstein, Mark & Brückner, Markus, 2013. "Income and schooling," CEPR Discussion Papers 9365, C.E.P.R. Discussion Papers.
    15. Jakob B. MADSEN & James B. ANG, 2014. "Finance-Led Growth in the OECD since the 19th century: How Does Financial Development Transmit To Growth?," Economic Growth Centre Working Paper Series 1408, Nanyang Technological University, School of Social Sciences, Economic Growth Centre.
    16. repec:isu:genstf:201501010800005546 is not listed on IDEAS
    17. van Hoorn, André, 2019. "Cultural determinants of human capital accumulation: Evidence from the European Social Survey," Journal of Comparative Economics, Elsevier, vol. 47(2), pages 429-440.
    18. Lutz Hendricks & Todd Schoellman, 2018. "Human Capital and Development Accounting: New Evidence from Wage Gains at Migration," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 133(2), pages 665-700.
    19. Jakob B. Madsen & Md. Rabiul Islam & Xueli Tang, 2020. "Was the post-1870 fertility transition a key contributor to growth in the West in the twentieth century?," Journal of Economic Growth, Springer, vol. 25(4), pages 431-454, December.
    20. Rodolfo E. Manuelli & Ananth Seshadri, 2014. "Human Capital and the Wealth of Nations," American Economic Review, American Economic Association, vol. 104(9), pages 2736-2762, September.
    21. Ozsoz, Emre, 2014. "Exploitation or Empowerment? The Impact of Textile and Apparel Manufacturing on the Education of Women in Developing Countries," MPRA Paper 58125, University Library of Munich, Germany.
    22. Alexander Ugarov, 2019. "Talent Misallocation across Countries: Evidence from Educational Achievement Tests," 2019 Meeting Papers 1466, Society for Economic Dynamics.
    23. Kong, Y.-C. & Ravikumar, B. & Vandenbroucke, G., 2018. "Explaining cross-cohort differences in life-cycle earnings," European Economic Review, Elsevier, vol. 107(C), pages 157-184.

    More about this item

    JEL classification:

    • I - Health, Education, and Welfare
    • J - Labor and Demographic Economics
    • O - Economic Development, Innovation, Technological Change, and Growth

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