{"title":"Educational quality and disparities in income and growth across countries","authors":"Hanol Lee, Jong-Wha Lee","doi":"10.1007/s10887-023-09239-3","DOIUrl":null,"url":null,"abstract":"<p>We construct a comprehensive database of educational quality by cohort for 92 countries from 1970 to 2015 and analyze its impact on disparities in income and growth worldwide. To estimate educational quality, we utilize secondary students’ scores on international mathematics and science tests. Additionally, we impute unobserved test scores for individual countries in non-participating survey years. Wage regressions using individual earnings data reveal considerable returns to educational quality. We estimate human capital stock by incorporating differences in educational quantity and quality by age group across countries and over time. Our newly-constructed human capital dataset enabled us to explore the role of educational quality and human capital in understanding cross-country income disparities. The findings from development and growth accounting exercises indicated a discernible contribution of educational quality to per capita income and its growth rate.</p>","PeriodicalId":48110,"journal":{"name":"Journal of Economic Growth","volume":"328 1","pages":""},"PeriodicalIF":2.3000,"publicationDate":"2024-01-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Economic Growth","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1007/s10887-023-09239-3","RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
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Abstract
We construct a comprehensive database of educational quality by cohort for 92 countries from 1970 to 2015 and analyze its impact on disparities in income and growth worldwide. To estimate educational quality, we utilize secondary students’ scores on international mathematics and science tests. Additionally, we impute unobserved test scores for individual countries in non-participating survey years. Wage regressions using individual earnings data reveal considerable returns to educational quality. We estimate human capital stock by incorporating differences in educational quantity and quality by age group across countries and over time. Our newly-constructed human capital dataset enabled us to explore the role of educational quality and human capital in understanding cross-country income disparities. The findings from development and growth accounting exercises indicated a discernible contribution of educational quality to per capita income and its growth rate.
期刊介绍：
The Journal of Economic Growth, is designed to serve as the principal outlet for theoretical as well as empirical research in economic growth and dynamic macroeconomics. The editorial board consists of prominent researchers in the fields of economic growth, dynamic macroeconomics, international economics, urban economics, migration, and development, who are committed to academic excellence. Members of the editorial board are actively involved in the refereeing process of each paper and assure that the review process is of an exceptional quality. Furthermore, the journal commits itself to a timely response. The journal encourages the submission of high quality research broadly concerned with: Neoclassical Growth Models
Endogenous Growth Models
Income Distribution and Growth
Human Capital and Growth
Fertility and Growth
Trade and Growth
Development and Growth
Financial Development and Growth
Migration and Growth
Endogenous Technological Change
Money and Growth
Political Economy and Growth
Overlapping-Generations Models
Economic Fluctuations. 5-Year Impact Factor: 6.032 (2008)*
Subject Category ''Economics'': Rank 3 of 209 Officially cited as: J Econ Growth
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