Human Capital in a global and knowledge-based economy, part II: assessment at the EU country level

Angel de La Fuente ()

No 98, Working Papers from Barcelona School of Economics

Abstract: This report is an extension and partial update of de la Fuente and Ciccone (2002). It constructs estimates of the private and social rates of return on schooling for fourteen EU countries using microeconometric estimates of Mincerian wage equations, the results of crosscountry growth regressions and OECD data on educational expenditures, tax rates and social benefits. The results are used to draw some tentative conclusions regarding the optimality of observed investment patterns and educational subsidy levels.

Keywords: human capital; growth; returns to schooling (search for similar items in EconPapers)
JEL-codes: I21 I28 O40 (search for similar items in EconPapers)
Date: 2015-09
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Citations: View citations in EconPapers (42)

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