Abstract

http://ssrn.com/abstract=960379
 
 

References (222)



 
 

Citations (21)



 


 



The Role of Education Quality for Economic Growth


Eric A. Hanushek


Stanford University - Hoover Institution on War, Revolution and Peace; National Bureau of Economic Research (NBER); CESifo (Center for Economic Studies and Ifo Institute)

Ludger Woessmann


Ifo Institute for Economic Research; Institute for the Study of Labor (IZA); CESifo (Center for Economic Studies and Ifo Institute for Economic Research); University of Munich - Ifo Institute for Economic Research

February 1, 2007

World Bank Policy Research Working Paper No. 4122

Abstract:     
The role of improved schooling, a central part of most development strategies, has become controversial because expansion of school attainment has not guaranteed improved economic conditions. This paper reviews the role of education in promoting economic well-being, focusing on the role of educational quality. It concludes that there is strong evidence that the cognitive skills of the population - rather than mere school attainment - are powerfully related to individual earnings, to the distribution of income, and to economic growth. New empirical results show the importance of both minimal and high-level skills, the complementarity of skills and the quality of economic institutions, and the robustness of the relationship between skills and growth. International comparisons incorporating expanded data on cognitive skills reveal much larger skill deficits in developing countries than generally derived from just school enrollment and attainment. The magnitude of change needed makes it clear that closing the economic gap with industrial countries will require major structural changes in schooling institutions.

Number of Pages in PDF File: 96

Keywords: Education For All, Teaching and Learning, Primary Education, Tertiary Education, Secondary Education

working papers series





Download This Paper

Date posted: January 31, 2007  

Suggested Citation

Hanushek, Eric A. and Woessmann, Ludger, The Role of Education Quality for Economic Growth (February 1, 2007). World Bank Policy Research Working Paper No. 4122. Available at SSRN: http://ssrn.com/abstract=960379

Contact Information

Eric A. Hanushek (Contact Author)
Stanford University - Hoover Institution on War, Revolution and Peace ( email )
Stanford, CA 94305-6010
United States
650-736-0942 (Phone)
650-723-1687 (Fax)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
CESifo (Center for Economic Studies and Ifo Institute)
Poschinger Str. 5
Munich, DE-81679
Germany
Ludger Woessmann
Ifo Institute for Economic Research ( email )
Poschingerstr. 5
Munich
Germany
++49 89 9224 1699 (Phone)
++49 89 9224 1460 (Fax)
HOME PAGE: http://www.cesifo.de/link/woessmann_l.htm
Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
CESifo (Center for Economic Studies and Ifo Institute for Economic Research)
Poschinger Str. 5
Munich, DE-81679
Germany
University of Munich - Ifo Institute for Economic Research
Schackstr. 4
Munich, 80539
Germany
Feedback to SSRN


Paper statistics
Abstract Views: 23,095
Downloads: 5,998
Download Rank: 544
References:  222
Citations:  21

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo4 in 0.297 seconds