What explains schooling differences across countries?

This paper provides a theory that explains the cross-country distribution of average years of schooling, as well as the so called human capital premium puzzle. In our theory, credit frictions as well as differences in access to public education, fertility and mortality turn out to be the key reasons why schooling differs across countries. Differences in growth rates and in wages are second order.

MoreLess

Year of publication:	2013-03-01
Authors:	Cordoba, Juan Carlos ; Ripoll, Marla
Institutions:	Department of Economics, Iowa State University
Subject:	human capital \| life expectancy \| per capita income diÂ§erences \| public education spend- ing \| life cycle model

More details

Extent:	text/html
Series:	Staff General Research Papers.
Type of publication:	Book / Working Paper
Notes:	Published in Journal of Monetary Economics, March 2013, vol. 60 no. 2, pp. 184-202
Classification:	I - Health, Education, and Welfare ; J - Labor and Demographic Economics ; O - Economic Development, Technological Change, and Growth
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010636756