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 …

2000, the average schooling attainment of the adult population largely determined the stock of physical capital/capita and …

The rapid rise in schooling in developing countries in recent decades has been dramatic. However, many cross …-country regression analyses of the impact of schooling on economic growth find low and insignificant coefficients. This empirical `puzzle …` contrasts with theoretical arguments that schooling, through raising human capital, should raise income levels. This paper …

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 …

This paper uses a new data-set for cumulative national investment in formal schooling and a new instrument for … schooling to estimate the national return on investment in 61 countries. These estimates are combined with data on the private … rate of return on investment in schooling to estimate the external rate of return. In 1990 the external rate of return …

of schooling (for all three levels, especially tertiary education), the quality of education measured through scores on …

through schooling. Educated individuals are interested in dialogue and conversation. Interaction enables people to build trust … schooling and/or social inclusion. Creation of human and social capital is the basis for inclusive growth. The predictions of …

's schooling, and urbanization. It is concluded that intercountry regressions do not yet help us determine the consequences of this … height and weight-for-height, and to education, proxied by years of schooling completed, by level. Biases due to household … supply explanation for the corresponding high rates of return to secondary and post-secondary schooling for those nonwhites …