The Effects of Education Quality on Income Growth and Mortality Decline

Eliot A. Jamison, Dean Jamison and Eric Hanushek

No 12652, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Previous work shows that higher levels of education quality (as measured by international student achievement tests) increases growth rates of national income. This paper begins by confirming those findings in an analysis involving more countries over more time with additional controls. We then use the panel structure of our data to assess whether the mechanism by which education quality appears to improve per capita income levels is through shifting the level of the production function (probably not), through increasing the impact of an additional year of education (probably not), or through increasing a country's rate of technological progress (very likely). Mortality rates complement income levels as indicators of national well-being and we extend our panel models to show that improved education quality increases the rate of decline in infant mortality. Throughout the analysis, we find a stronger impact of education quality and of years of schooling in open than in closed economies.

JEL-codes: F4 I1 I2 J0 J21 O4 (search for similar items in EconPapers)
Date: 2006-10
New Economics Papers: this item is included in nep-dev, nep-edu, nep-hea, nep-hrm and nep-ltv
Note: ED EFG ITI LS CH EH
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Published as Jamison, Eliot A. & Jamison, Dean T. & Hanushek, Eric A., 2007. "The effects of education quality on income growth and mortality decline," Economics of Education Review, Elsevier, vol. 26(6), pages 771-788, December.

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Journal Article: The effects of education quality on income growth and mortality decline (2007)
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