Does education matter for economic growth?

Arbeitspapier

Empirical growth regressions typically include mean years of schooling as a proxy for human capital. However, empirical research often finds that the sign and significance of schooling depends on the sample of observations or the specification of the model. We use a nonparametric local-linear regression estimator and a nonparametric variable relevance test to conduct a rigorous and systematic search for significance of mean years of schooling by examining five of the most comprehensive schooling databases. Contrary to a few recent papers that have identified significant nonlinearities between education and growth, our results suggest that mean years of schooling is not a statistically relevant variable in growth regressions. However, we do find evidence (within a cross-sectional framework), that educational achievement, measured by mean test scores, may provide a more reliable measure of human capital than mean years of schooling.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IZA Discussion Papers ; No. 7089

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Semiparametric and Nonparametric Methods: General ; Human Capital; Skills; Occupational Choice; Labor Productivity ; Education and Research Institutions: General ; Economic Development: General ; Economic Growth and Aggregate Productivity: General
• Thema: mean years of schooling ; human capital ; irrelevant variables ; significance testing ; nonparametric ; Wirtschaftswachstum ; Humankapital ; Messung ; Schulbesuch ; Dauer ; Bildungsniveau ; Schätzung ; Welt

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Delgado, Michael S. ; Henderson, Daniel J. ; Parmeter, Christopher F.
• Ereignis: Veröffentlichung
• (wer): Institute for the Study of Labor (IZA)
• (wo): Bonn
• (wann): 2012

Weitere Informationen

• Handle: http://hdl.handle.net/10419/69381
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ