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Education and life satisfaction: perception or reality?

Mauricio Cardenas (), Carolina Mejía () and Vincenzo Di Maro

Working Papers Series. Documentos de Trabajo from Fedesarrollo

Abstract: Using data from the Gallup World Poll, this paper analyze the way in which perceptions on thequality of education affect wellbeing. In addition, we explore if educational quality perceptions aredetermined by objective educational outputs, such as international standardized tests scores (i.e. PISAscores) and individual educational attainment. Results indicate that educational quality perceptionsare positively correlated with standardized test scores but negatively correlated with individualeducational attainment. Similarly, favorable perception on the quality of education contributes tohigher individual wellbeing, even after controlling for individual educational attainment and othertraditional determinants of wellbeing.

Keywords: Wellbeing; educational quality perceptions; educational outcomes (search for similar items in EconPapers)
JEL-codes: I20 I3 (search for similar items in EconPapers)
Pages: 41
Date: 2008-05-29
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Handle: RePEc:col:000123:009188