Narrow search
Showing 1 - 10 of 11
Cover Image
The role of cognitive skills in economic development revisited
Breton, Theodore - UNIVERSIDAD EAFIT - 2012
Students´ test scores at ages 9 to 15 are a measure of their skills as workers five to 55 years later. Using historic data on test scores and school attendance, I calculate the share of workers in 2005 that could have scored above 400 and above 600 in 45 countries. I find that the share above...
Persistent link: https://www.econbiz.de/10010762758
Cover Image
Increases in human capital and growth: new data, more conclusive results.
Breton, Theodore - UNIVERSIDAD EAFIT - 2012
Using a new data set for human capital/adult, I show that changes in human capital cause economic growth in 56 countries over the 1985 to 2005 period. I show that these results are superior to results using average schooling attainment.
Persistent link: https://www.econbiz.de/10010762761
Cover Image
Cognitive Skills, Schooling Attainment, and Schooling Resources: What Drives Economic Growth?
Breton, Theodore - UNIVERSIDAD EAFIT - 2009
This paper presents evidence that students´ test scores at ages 9 to 15 are not a good proxy for a nation´s stock of human capital. Across countries test scores rise with increases in human capital up to $40,000/adult (2000$), but then decline as human capital increases up to $125,000/adult....
Persistent link: https://www.econbiz.de/10010762796
Cover Image
Were Mankiw, Romer, and Weil Right? A reconciliation of the Micro and Macro Effects of Schooling on Income.
Breton, Theodore - UNIVERSIDAD EAFIT - 2011
The marginal product of human capital in Mankiw, Romer, and Weil´s [1992] augmented Solow model measures the direct and two external effects of human capital created from schooling on national income. If this model is valid, its estimates of the share of this marginal product accruing to...
Persistent link: https://www.econbiz.de/10010762805
Cover Image
Schooling and National Income: How Large Are the Externalities? Revised Estimates
Breton, Theodore - UNIVERSIDAD EAFIT - 2010
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, but it incorporates methodological improvements that yield...
Persistent link: https://www.econbiz.de/10010762830
Cover Image
Does investment in schooling raise national income? Evidence from cross-country studies
Breton, Theodore - UNIVERSIDAD EAFIT - 2011
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...
Persistent link: https://www.econbiz.de/10010762853
Cover Image
The Quality vs. the Quantity of Schooling: What Drives Economic Growth?
Breton, Theodore R. - UNIVERSIDAD EAFIT - 2011
This paper challenges Hanushek and Woessmann’s [2008] contention that the quality and not the quantity of schooling determines a nation’s rate of economic growth. I first show that their statistical analysis is flawed. I then show that when a nation’s average test scores and average...
Persistent link: https://www.econbiz.de/10011123726
Cover Image
Can Institutions or Education Explain World Poverty? An Augmented Solow Model Provides Some Insights
Breton, Theodore R. - UNIVERSIDAD EAFIT - 2010
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, but it incorporates methodological improvements that...
Persistent link: https://www.econbiz.de/10010827912
Cover Image
The Role of Education in Economic Development: Theory, History, and Current Returns
Breton, Theodore - UNIVERSIDAD EAFIT - 2012
Background This paper was prepared to contribute to a special issue on the value of education. Purpose The paper … examines the role of education in economic development from both a theoretical and a historic perspective, addresses why … education has been the limiting factor determining development historically, discusses why certain countries have provided …
Persistent link: https://www.econbiz.de/10010827921
Cover Image
Schooling and National Income: How Large Are the Externalities? Corrected Estimates
Breton, Theodore R. - UNIVERSIDAD EAFIT - 2010
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, but it incorporates methodological improvements that...
Persistent link: https://www.econbiz.de/10010786387