Research Catalog

Rediscovering Education in Growth Regressions

Title: Rediscovering Education in Growth Regressions [electronic resource] / Marcelo Soto
Author: Soto, Marcelo.
Publication: Paris : OECD Publishing, 2002.

Description: 35 p.; 21 x 29.7cm.
Summary: This paper studies the puzzling lack of correlation between income and schooling in macro regressions. It is argued that the root of the puzzle is threefold. First, there is a problem of a proper definition of the way in which years of schooling should enter into a production function. Second, collinearity between physical and human capital stocks seriously undermines the ability of educational indicators to display any significance in growth regressions. Third, failure to cope with measurement error and endogeneity produces biased estimates. After dealing with these problems, the neoclassical approach to human capital is strongly supported by the data ...
Series Statement: OECD Development Centre Working Papers, 1815-1949 ; no.202
Uniform Title: OECD Development Centre Working Papers, no.202.
Subject: Development
LCCN: 10.1787/204207141003
OCLC: oecd-lib
Author: Soto, Marcelo.
Title: Rediscovering Education in Growth Regressions [electronic resource] / Marcelo Soto
Imprint: Paris : OECD Publishing, 2002.
Series: OECD Development Centre Working Papers, 1815-1949 ; no.202
OECD Development Centre Working Papers, 1815-1949 ; no.202.
Connect to:: Full text online available onsite at NYPL
Indexed Term: Development
Other Standard Identifier: 10.1787/204207141003 doi