What Explains Schooling Differences Across Countries?

Juan Cordoba and Marla Ripoll

No 2011-028, Working Papers from Human Capital and Economic Opportunity Working Group

Abstract: This paper provides a theory that explains the cross-country distribution of average years of schooling, as well as the so called human capital premium puzzle. In our theory, credit frictions as well as differences in access to public education, fertility and mortality turn out to be the key reasons why schooling differs across countries. Differences in growth rates and in wages are second order.

Keywords: human capital; per capita income differences; life expectancy; public education spending; life cycle model (search for similar items in EconPapers)
JEL-codes: I22 J24 O11 (search for similar items in EconPapers)
Date: 2011-05
New Economics Papers: this item is included in nep-dge, nep-edu, nep-hrm and nep-lab
Note: M
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Citations: View citations in EconPapers (8)

Downloads: (external link)
http://humcap.uchicago.edu/RePEc/hka/wpaper/Cordob ... plains-schooling.pdf First version, May 2011 (application/pdf)

Related works:
Journal Article: What explains schooling differences across countries? (2013)
Working Paper: What explains schooling differences across countries? (2013)
Working Paper: What explains schooling differences across countries? (2013)
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