What explains schooling differences across countries?
Juan Cordoba and
Marla Ripoll ()
Staff General Research Papers Archive from Iowa State University, Department of Economics
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; life expectancy; per capita income diÂ§erences; public education spend- ing; life cycle model (search for similar items in EconPapers)
JEL-codes: I J O (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dem, nep-dge, nep-edu and nep-hrm
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Published in Journal of Monetary Economics, March 2013, vol. 60 no. 2, pp. 184-202
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Journal Article: What explains schooling differences across countries? (2013)
Working Paper: What Explains Schooling Differences Across Countries? (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:isu:genres:36066
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