What drives social returns to education? A meta-analysis
Ying Cui () and
No 706, GLO Discussion Paper Series from Global Labor Organization (GLO)
Education can generate important externalities that contribute towards economic growth and convergence. In this paper, we study the drivers of such externalities by conducting the first meta-analysis of the social returns to education literature. We analyse over 1,000 estimates from 31 articles published since 1993 that cover 15 countries. Our results indicate that: 1) spillovers slow down with economic development; 2) tertiary schooling and schooling dispersion increase spillovers; 3) spillovers are smaller under fixed-effects and IV estimators but larger when measured at the firm level; and 4) there is publication bias (but not citation bias).
Keywords: returns to education; education externalities (search for similar items in EconPapers)
JEL-codes: C36 I26 I28 J24 J31 (search for similar items in EconPapers)
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Working Paper: What Drives Social Returns to Education? A Meta-Analysis (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:glodps:706
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