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Título

The causal effect of education on aggregate income

AutorSoto, Marcelo
Palabras claveHuman capital
Income growth
GMM estimation
Development accounting
Fecha de publicación1-sep-2009
SerieUFAE and IAE Working Papers; 779.09
ResumenEmpirical studies assume that the macro Mincer return on schooling is con- stant across countries. Using a large sample of countries this paper shows that countries with a better quality of education have on average relatively higher macro Mincer coeficients. As rich countries have on average better educational quality, differences in human capital between countries are larger than has been typically assumed in the development accounting literature. Consequently, factor accumulation explains a considerably larger share of income differences across countries than what is usually found.
Descripción30 pages, 1 figure, 5 boxes--
Versión del editorhttp://pareto.uab.es/wp/2009/77909.pdf
URIhttp://hdl.handle.net/10261/17705
Aparece en las colecciones: (IAE) Informes y documentos de trabajo
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