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.

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Year of publication:	2011-05
Authors:	Cordoba, Juan Carlos ; Ripoll, Marla
Institutions:	Becker Friedman Institute for Research in Economics, University of Chicago
Subject:	human capital \| per capita income differences \| life expectancy \| public education spending \| life cycle model

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	M Number 2011-028
Classification:	I22 - Educational Finance ; J24 - Human Capital; Skills; Occupational Choice; Labor Productivity ; O11 - Macroeconomic Analyses of Economic Development
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009360196