This article presents revised estimates of the external rates of return on investment in schooling provided in … “Schooling and National Income: How Large Are the Externalities?” The analysis is based on data for the same set of countries …

This article presents revised estimates of the external rates of return on investment in schooling provided in … Schooling and National Income: How Large Are the Externalities?" The analysis is based on data for the same set of countries …

This article presents revised estimates of the external rates of return on investment in schooling provided in … “Schooling and National Income: How Large Are the Externalities?” The analysis is based on data for the same set of countries …

This paper uses a new data set for cumulative national investment in formal schooling and a newinstrument for schooling … of return on investment in schooling to estimate the external rate of return. In 1990 the external rate of return ranged … schooling are about equal to the private benefits in high-income countries and three times the private benefits in the lowest …

The economics literature identifies three effects of schooling on national income; the direct effect on the earnings of … the workers who receive the schooling and the external effects on workers´ earnings and on physical capital due to … schooling´s spillover effect on the productivity of these other factors of production. This paper reviews the estimates of the …

of schooling (for all three levels, especially tertiary education), the quality of education measured through scores on …The paper focuses particularly on proving that education can lead to economic growth within five groups of EU Member … States. Our study reviews the human capital from its quantitative (years of study) and qualitative (education quality …

This paper challenges Hanushek and Woessmann’s [2008] contention that the quality and not the quantity of schooling … nation’s average test scores and average schooling attainment are included in a national income model, both measures explain … income differences, but schooling attainment has greater statistical significance. The high correlation between a nation …

above 600 in 45 countries. I find that the share above 400 and average schooling attainment cause national income, while the … share above 600 and the share with post-secondary schooling do not. Implicitly the best long-term development strategy for … poor countries is to increase the share of students who complete primary and secondary schooling. …

decline as human capital increases up to $125,000/adult. Schooling attainment is a better proxy for the human capital stock …´s stock of human capital, calculated from cumulative investment in schooling, is the schooling measure most correlated with …

two external effects of human capital created from schooling on national income. If this model is valid, its estimates of … investment in schooling in workers´ earnings´ studies. This paper uses a new set of data for the net human capital stock to show …