Gundlach, Erich; Wößmann, Ludger - Kiel Institute for the World Economy - 2001
We estimate changes in the productivity of schooling for six East Asian countries. Our productivity measure is based on … changes in the relative price of schooling. A rising price of schooling relative to other labor-intensive service sectors … should indicate declining relative schooling productivity. We find that the price of schooling increased by more than the …