Schooling and National Income: How Large Are the Externalities?

Theodore Breton ()

No 11827, Documentos de Trabajo de Valor Público from Universidad EAFIT

Abstract: This paper uses a new data set for cumulative national investment in formal schooling and a newinstrument for schooling to estimate the national return on investment in 61 countries. These estimates are combined with data on the private rate of return on investment in schooling to estimate the external rate of return. In 1990 the external rate of return ranged from 10 percent in high-income countries to over 50 percent in the lowest-income countries. The external benefits of schooling are about equal to the private benefits in high-income countries and three times the private benefits in the lowest income countries.

Keywords: Human Capital; Education; Economic Growth; External Benefits (search for similar items in EconPapers)
JEL-codes: E13 I21 O11 O15 O41 (search for similar items in EconPapers)
Pages: 42
Date: 2007-05-01
References: Add references at CitEc
Citations:

Downloads: (external link)
http://repository.eafit.edu.co/bitstream/handle/10 ... quence=1&isAllowed=y
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to repository.eafit.edu.cobitstream:443 (No such host is known. ) (http://repository.eafit.edu.co/bitstream/handle/10784/2437/2007_10_Theodore_Breton.pdf?sequence=1&isAllowed=y [302 Found]--> https://repository.eafit.edu.cobitstream/handle/10784/2437/2007_10_Theodore_Breton.pdf?sequence=1&isAllowed=y)

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: https://EconPapers.repec.org/RePEc:col:000122:011827

Access Statistics for this paper

More papers in Documentos de Trabajo de Valor Público from Universidad EAFIT Contact information at EDIRC.
Bibliographic data for series maintained by Valor Público EAFIT - Centro de estudios e incidencia ().