Economics at your fingertips  

Income and Schooling: Evidence from International Oil Price Shocks

Markus Brueckner and Mark Gradstein
Authors registered in the RePEc Author Service: Markus Brueckner ()

Journal of Human Capital, 2016, vol. 10, issue 2, 212 - 234

Abstract: Whereas existing literature has documented strong correlations between national incomes and measures of schooling attainment, causality has been hard to pin down. In this paper we explore from an empirical perspective whether income windfalls cause schooling. We do so by focusing on within-country variation and exploiting variation in the international oil price multiplied by countries’ net export shares of oil in GDP as an instrument to extract exogenous variation in countries’ national incomes. We detect a significant positive effect of such income windfalls on various measures of schooling attainment, more so in poor countries.

Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf) (text/html)
Access to the online full text or PDF requires a subscription.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in Journal of Human Capital from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().

Page updated 2019-02-03
Handle: RePEc:ucp:jhucap:doi:10.1086/686152