Lucas type external effects of human capital: strong evidence using microdata

Christos Sakellariou and Ramin Maysami

Applied Economics Letters, 2004, vol. 11, issue 6, 343-346

Abstract: Past evidence on the existence Lucas type external effects of education has been, at best, mixed. This study re-visits a two-stage microeconometric approach which allows for the estimation of the external effects of human capital on wages (and therefore productivity). Strong evidence is found of external effects to education - and in particular, years of schooling and job-related training - using microdata from Venezuela.

Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:11:y:2004:i:6:p:343-346

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DOI: 10.1080/1350485042000228169

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