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This paper calculates new measures of human capital. Contrary to the existing literature, they are based on realistic rates of return to education, which are allowed to vary substantially across countries and to some extent over time. The new measures perform well in regression analysis...
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all due to differences in what students bring with them to school - socio-economic background, cultural factors, and the … like? Or do school systems make a difference? This essay argues that differences in features of countries' school systems … factors of the school system, as well as factors beyond the school system, account for cross-country achievement differences …
Persistent link: https://www.econbiz.de/10011489307
Based on Baumol’s cost-disease model, we develop two alternative measures of the change in the productivity of schooling. Both productivity measures are based on changes in the relative price of schooling. We find that in most OECD countries the price of schooling has increased faster in...
Persistent link: https://www.econbiz.de/10011491109
all due to differences in what students bring with them to school – socio-economic background, cultural factors, and the … like? Or do school systems make a difference? This essay argues that differences in features of countries' school systems … factors of the school system, as well as factors beyond the school system, account for cross-country achievement differences …
Persistent link: https://www.econbiz.de/10011493943
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