Education for Growth: Why and For Whom?

Alan Krueger and Mikael Lindahl

No 808, Working Papers from Princeton University, Department of Economics, Industrial Relations Section.

Abstract: This paper summarizes and tries to reconcile evidence from the microeconometric and empirical macro growth literatures on the effect of schooling on income and GDP growth. Much microeconometric evidence suggests that education is an important causal determinant of income for individuals within countries. At a national level, however, recent studies have found that increases in educational attainment are unrelated to economic growth. This discrepancy appears to be a result of the high rate of measurement error in first-differenced cross-country education data. After accounting for measurement error, the effect of changes in educational attainment on income growth in cross-country data is at least as great as microeconometric estimates of the rate of return to years of schooling. Another finding of the macro growth literature -- that economic growth depends positively on the initial stock of human capital -- is not robust when the assumption of a constant-coefficient model is relaxed.

Keywords: education; growth (search for similar items in EconPapers)
JEL-codes: N96 (search for similar items in EconPapers)
Date: 2000-01
References: Add references at CitEc
Citations: View citations in EconPapers (105)

Downloads: (external link)
https://dataspace.princeton.edu/bitstream/88435/dsp011831cj939/1/429revised.pdf
Our link check indicates that this URL is bad, the error code is: 500 Internal Server Error

Related works:
Journal Article: Education for Growth: Why and for Whom? (2001)
Working Paper: Education for Growth: Why and For Whom? (2000)
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:pri:indrel:429

Access Statistics for this paper

More papers in Working Papers from Princeton University, Department of Economics, Industrial Relations Section. Contact information at EDIRC.
Bibliographic data for series maintained by Bobray Bordelon ().