Schooling and National Income: How Large Are the Externalities?

Autor/in	Breton, Theodore R.
Titel	Schooling and National Income: How Large Are the Externalities?
Quelle	In: Education Economics, 18 (2010) 1, S.67-92 (26 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0964-5292
Schlagwörter	Income; Educational Benefits; Outcomes of Education; Educational Assessment; Educational Indicators; International Education; Economic Progress; Input Output Analysis; Predictor Variables; Models; Mathematical Models; Economics Education; Macroeconomics; Education Work Relationship + Suchen Sie Ihr Suchwort? Einkommen; Bildungsertrag; Lernleistung; Schulerfolg; Education; assessment; Bewertungssystem; Educational indicato; Bildungsindikator; Internationale Erziehung; Economic growth; Wirtschaftswachstum; Prädiktor; Analogiemodell; Mathematical model; Mathematisches Modell; Wirtschaftskunde; Makroökonomie
Abstract	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 ranged from 10% in high-income countries to over 50% in the lowest-income countries. The external benefits of schooling are about equal to the private benefits in high-income countries and three times the private benefits in the lowest-income countries. (Contains 6 tables, 5 figures and 7 notes.) (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10