Schooling and National Income: How Large Are the Externalities?

dc.contributorEscuela de Economía y Finanzas
dc.contributorEconomía
dc.contributorUniversidad EAFIT, Escuela de Economía y Finanzas, Departamento de Economía, Medellín, Colombia.
dc.contributorEstudios en Economía y Empresa
dc.creatorBreton, Theodore R.
dc.date.accessioned2015-11-06T16:27:24Z
dc.date.accessioned2022-09-23T20:43:04Z
dc.date.available2015-11-06T16:27:24Z
dc.date.available2022-09-23T20:43:04Z
dc.date.created2015-11-06T16:27:24Z
dc.date.issued2010
dc.identifier1469-5782
dc.identifierhttp://hdl.handle.net/10784/7564
dc.identifier10.1080/09645290801939645
dc.identifier.urihttp://repositorioslatinoamericanos.uchile.cl/handle/2250/3520330
dc.description.abstractThis 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.
dc.languageeng
dc.publisherRoutledge
dc.relationEducation Economics. Vol.18(1), 2010, pp.67-92
dc.relationhttp://www.tandfonline.com/doi/abs/10.1080/09645290801939645#.VHX3qjGG9rc
dc.relationhttp://www.tandfonline.com/doi/abs/10.1080/09645290801939645#.VHX3qjGG9rc
dc.rightsinfo:eu-repo/semantics/restrictedAccess
dc.rightsAcceso restringido
dc.rightsrestrictedAccess
dc.sourceEducation Economics. Vol.18(1), 2010, pp.67-92
dc.titleSchooling and National Income: How Large Are the Externalities?
dc.typearticle
dc.typeinfo:eu-repo/semantics/article
dc.typeinfo:eu-repo/semantics/publishedVersion


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