Social Returns to Education: Macro-Evidence

@article{Canton2007SocialRT,
  title={Social Returns to Education: Macro-Evidence},
  author={E. Canton},
  journal={De Economist},
  year={2007},
  volume={155},
  pages={449-468}
}
SummaryThis paper presents new evidence on the social returns to education within a macroeconomic growth regression framework. I use improved schooling data and a macro version of the Mincer relationship between education and wages for individual workers. The results suggest that an increase by one year of the average education level of the labor force would increase labor productivity by 7–10% in the short run and by 11–15% in the long run. Some evidence is found for the presence of dynamic… Expand

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