How Much Do Educational Outcomes Matter in OECD Countries?

  title={How Much Do Educational Outcomes Matter in OECD Countries?},
  author={Eric Alan Hanushek and Ludger Woessmann},
  journal={Economic Growth eJournal},
Existing growth research provides little explanation for the very large differences in long-run growth performance across OECD countries. We show that cognitive skills can account for growth differences within the OECD, whereas a range of economic institutions and quantitative measures of tertiary education cannot. Under the growth model estimates and plausible projection parameters, school improvements falling within currently observed performance levels yield very large gains. The present… Expand
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