THIS DOI METADATA WAS LAST UPDATED: 2024-01-10 22:55
Full Title
ECONOMIA PUBBLICA
Publisher
FrancoAngeli
ISSN
0390-6140 (Printed Journal)
1972-5566 (Online Journal)
Journal Issue Number
2
Journal Issue Designation
2
Journal Issue Date (YYYY/MM)
2017/03
Full Title
The Importance of the Quality of Education: Some Determinants and its Effects on Earning Returns and Economic Growth
By (author)
First Page
43
Last Page
82
Language of text
English
Publication Date
2017/03
Copyright
2016 FrancoAngeli srl
Introduction or preface
The aim of this paper is to provide a selective overview on the role played by the quality of education versus the quantity of education. After a presentation of some possible effects of the quality of education on both individual earnings and growth, the paper analyses some important school inputs and institutional characteristics of the education system which have been examined in the economic literature and could affect education achievements.
Unstructured Citation
Acemoglu D. (2009). Introduction to Modern Economic Growth. Princeton University Press, USA.
Unstructured Citation
Acemoglu D., Gallego F.A. and Robinson J.A. (2014). Institutions, Human Capital, and Development. Annual Review of Economics,
6: 875-912.
https://doi.org/10.1146/annurev-economics-080213-041119
Unstructured Citation
Aghion P. and Howitt P. (1998). Endogenous Growth Theory. Cambridge, MA: The MIT Press.
Unstructured Citation
Barro R.J. and Sala-i-Martin X. (1995). Economic Growth. New York: McGraw-Hill.
Unstructured Citation
Becker G. (1964), Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education. New York: Columbia University Press.
Unstructured Citation
Bedard K. and Dhuey E. (2006). The Persistence of Early Childhood Maturity: International Evidence of Long-Run Age Effects.
The Quarterly Journal of Economics: 1437-1472.
https://doi.org/10.1093/qje/121.4.1437
Unstructured Citation
Betts J.R. (2011). The Economics of Tracking in Education. In: Eric A., Hanushek S. and Wößmann M.L. (eds.). Handbook in Economics
of Education, vol. 3, North-Holland: Elsevier, USA.
https://doi.org/10.1016/B978-0-444-53429-3.00007-7
Unstructured Citation
Bils M. and Klenow P.J. (2000). Does Schooling Cause Growth?, American Economic Review, 90(5): 1160-1180.
https://doi.org/10.1257/aer.90.5.1160
Unstructured Citation
Black S.E., Devereux P.J. and Salvanes K.G. (2011). Too Young to Leave the Nest? The Effects of School Starting Age. The Review
of Economics and Statistics, 93(2): 455-467.
https://doi.org/10.1162/REST_a_00081
Unstructured Citation
Björklund A. and Salvanes K.G. (2011). Education and Family Background: Mechanisms and Policies. In: Eric A., Stephen H. and
Wößmann M. L. (eds.). Handbook in Economics of Education, vol. 3. North-Holland: Elsevier, USA.
https://doi.org/10.1016/B978-0-444-53429-3.00003-X
Unstructured Citation
Bosworth R. (2014). Class Size, Class Composition, and the Distribution of Student Achievement. Education Economics, 22(2):
141-165.
https://doi.org/10.1080/09645292.2011.568698
Unstructured Citation
Brunello G. and Checchi D. (2007). Does School Tracking Affect Equality of Opportunity? New International Evidence. Economic
Policy, 22: 781-861.
https://doi.org/10.1111/j.1468-0327.2007.00189.x
Unstructured Citation
Card D. (1999). The Causal Effect of Education on Earnings. In: Ashenfelter O. and Card D. (eds.). Handbook of Labor Economics,
vol. 3. North-Holland: Elsevier, USA.
https://doi.org/10.1016/S1573-4463(99)03011-4
Unstructured Citation
Checchi D. (2006). The Economics of Education. Human Capital, Family Background and Inequality. Cambridge: Cambridge University
Press.
https://doi.org/10.1017/CBO9780511492280
Unstructured Citation
Checchi D., van de Werfhorst H., Braga M. and Meschi E. (2013). The Policy Response: Education. In: Salverda W., Nolan B., Checchi D., Marx I., McKnight A., György I., van de Werfhorst T. and H. (eds.). Changing Inequalities and Societal Impacts in Rich Countries: Analytical and Comparative Perspectives. Oxford, Oxford University Press.
Unstructured Citation
Chetty R., Friedman J.N., Hilger N., Saez E., Schanzenbach D.W. and Yagan D. (2011). How Does your Kindergarten Classroom
Affect your Earnings? Evidence from Project Star, Quarterly Journal of Economics, 126(4): 1593-1660,
https://doi.org/10.1093/qje/qjr041
Unstructured Citation
Chetty R., Friedman J.N. and Rockoff J.E. (2014a). Measuring the Impacts of Teachers I: Evaluating Bias in Teacher Value-Added
Estimates. American Economic Review, 104(9): 2593-2632.
https://doi.org/10.1257/aer.104.9.2593
Unstructured Citation
Chetty R., Friedman J.N. and Rockoff J.E. (2014b). Measuring the Impacts of Teachers II: Teacher Value-Added and Student Outcomes
in Adulthood. American Economic Review, 104(9): 2633-2679.
https://doi.org/10.1257/aer.104.9.2633
Unstructured Citation
Cunha F. and Heckman J. (2007). The Technology of Skill Formation. American Economic Review, 97(2): 31-47.
https://doi.org/10.1257/aer.97.2.31
Unstructured Citation
Dee T.S. (2004). Are there Civic Returns to Education?, Journal of Public Economics, 88: 1697-1720.
https://doi.org/10.1016/j.jpubeco.2003.11.002
Unstructured Citation
Dickson M. and Harmon C. (2011), Economic Returns to Education: What We Know, What We Don’t Know, and Where We Are Going –
Some Brief Pointers. Economics of Education Review, 30: 1118-1122.
https://doi.org/10.1016/j.econedurev.2011.08.003
Unstructured Citation
Epple D. and Romano R.E. (1998), Competition Between Private and Public Schools, Vouchers, and Peer-Group Effects. American Economic Review, 88(1): 33-61.
Unstructured Citation
Epple D., Romano R. and Sieg H. (2006). Admission, Tuition, and Financial Aid Policies in the Market for Higher Education.
Econometrica, 74: 885-928.
https://doi.org/10.1111/j.1468-0262.2006.00690.x
Unstructured Citation
Figlio D. and Loeb S. (2011). School Accountability. In: Eric A., Stephen H. and Wößmann M.L. (eds.). Handbook in Economics
of Education, vol. 3. North-Holland: Elsevier, USA.
https://doi.org/10.1016/B978-0-444-53429-3.00008-9
Unstructured Citation
Fredriksson P. and Öckert B. (2014). Life-Cycle Effects of Age at School Start. The Economic Journal, 124: 977-1004.
https://doi.org/10.1111/ecoj.12047
Unstructured Citation
Fredriksson P., Öckert B. and Oosterbeek H. (2013)., Long-Term Effects of Class Size. Quarterly Journal of Economics, 249-285.
https://doi.org/10.1093/qje/qjs048
Unstructured Citation
Gennaioli N., La Porta R., Lopez-De-Silanes F. and Shleifer A. (2013). Human Capital and Regional Development. Quarterly Journal
of Economics, 128(1): 105-164.
https://doi.org/10.1093/qje/qjs050
Unstructured Citation
Gradstein M., Justman M. and Meier V. (2005). The Political Economy of Education: Implications for Growth and Inequality, Cambridge: The MIT Press.
Unstructured Citation
Grazzini L. and Petretto A. (2014). Public-Private Partnership and Competition in Health-Care and Education. Italian Antitrust Review, 1(2): 91-116.
Unstructured Citation
Grossman M. (2006). Education and Nonmarket Outcomes. In: Eric A. and Welch H. F. (eds.). Handbook in Economics of Education, vol. 1. North-Holland: Elsevier, USA.
Unstructured Citation
Hanushek E.A. and Kimko D.D. (2000). Schooling, Labor-Force Quality, and the Growth of Nations: American Economic Review,
90(5): 1184-1208.
https://doi.org/10.1257/aer.90.5.1184
Unstructured Citation
Hanushek E.A., Link S. and Wößmann L. (2013). Does School Autonomy Make Sense Everywhere? Panel Estimates from PISA. Journal
of Development Economics, 104: 212-232.
https://doi.org/10.1016/j.jdeveco.2012.08.002
Unstructured Citation
Hanushek E.A., Piopiunik M. and Wiederhold S. (2014). The Value of Smarter Teachers: International Evidence on Teacher Cognitive
Skills and Student Performance, NBER WP N. 20727.
https://doi.org/10.3386/w20727
Unstructured Citation
Hanushek E.A. and Rivkin S.G. (2006). Teacher Quality. In: Eric A. and Welch H.F. (eds.). Handbook in Economics of Education, vol. 2, North-Holland: Elsevier, USA.
Unstructured Citation
Hanushek E.A. and Rivkin S.G. (2012). The Distribution of Teacher Quality and Implications for Policy. Annual Review of Economics,
4: 131-157.
https://doi.org/10.1146/annurev-economics-080511-111001
Unstructured Citation
Hanushek E.A. and Wößmann L. (2008), The Role of Cognitive Skills in Economic Development. Journal of Economic Literature,
46(3): 607-668.
https://doi.org/10.1257/jel.46.3.607
Unstructured Citation
Hanushek E.A. and Wößmann L. (2011). The Economics of International Differences in Educational Achievement. In: Eric A., Machin
H. and Wößmann S.L. (eds.). Handbook in Economics of Education, vol. 3. North-Holland: Elsevier, USA.
https://doi.org/10.1016/B978-0-444-53429-3.00002-8
Unstructured Citation
Hanushek E.A. and Wößmann L. (2012). Do Better Schools lead to more Growth? Cognitive Skills, Economic Outcomes, and Causation.
Journal of Economic Growth, 17: 267-321. DOI
https://doi.org/10.1007/s10887-012-9081-x.
Unstructured Citation
Hanushek E.A. and Wößmann L. (2014). Institutional Structures of the Education System and Student Achievement: A Review of Cross-country Economic Research. In: Strietholt R., Bos W., Gustafsson J. and Rosén M. (eds.). Educational Policy Evaluation through International Comparative Assessments. Münster-New York: Waxmann Verlag GmbH.
Unstructured Citation
Hanushek E.A., Schwerdt G., Wiederhold S. and Wößmann L. (2015), Returns to Skills around the World: Evidence from PIAAC,
European Economic Review, 73: 103-130.
https://doi.org/10.1016/j.euroecorev.2014.10.006
Unstructured Citation
Hoxby C.M. (2000). Peer Effects in the Classroom: Learning from Gender and Race Variation, NBER W. P. No 7867.
https://doi.org/10.3386/w7867
Unstructured Citation
Kautz T., Heckman J.J., Diris R., Weel B. and Borghans L. (2014). Fostering and Measuring Skills: Improving Cognitive and
Non-Cognitive Skills to Promote Lifetime Success. Report prepared for the Organisation of Economic Co-operation and Development,
Paris.
https://doi.org/10.3386/w20749
Unstructured Citation
Krueger A.B. (1999). Experimental Estimates of Education Production Functions. The Quarterly Journal of Economics, 114(2):
497-532.
https://doi.org/10.1162/003355399556052
Unstructured Citation
Krueger A.B. and Lindahl M. (1999). Education for Growth in Sweden and the World. Swedish Economic Policy Review, 6: 289-339.
https://doi.org/10.2139/ssrn.171545
Unstructured Citation
Krueger A.B. and Lindahl M. (2001), Education for Growth: Why and for Whom?, Journal of Economic Literature, 39: 1101-1136.
https://doi.org/10.1257/jel.39.4.1101
Unstructured Citation
Leuven E. and Oosterbeek H. (2011). Overeducation and Mismatch in the Labor Market. In: Eric A., Stephen H. and Wößmann M.L.
(eds.). Handbook in Economics of Education, vol. 3, North-Holland: Elsevier, USA.
https://doi.org/10.1016/B978-0-444-53444-6.00003-1
Unstructured Citation
Lochner L. (2011). Non-Production Benefits of Education: Crime, Health and Good Citizenship. In: Hanushek E.A., Machin S.
and Wößmann L. (eds.). Handbook in Economics of Education, vol. 3. North-Holland: Elsevier, USA.
https://doi.org/10.3386/w16722
Unstructured Citation
Montenegro C.E. and Patrinos H.A. (2014). Comparable Estimates of Returns to Schooling Around the World, World Bank Policy Research WP N.7020.
Unstructured Citation
Mincer J. (1974). Schooling, Earnings, and Experience. New York: Columbia University Press.
Unstructured Citation
Mühlenweg A.M. and Puhani P.A. (2010). The Evolution of the School-Entry Age Effect in a School Tracking System. Journal of
Human Resources, 45(2): 407-438.
https://doi.org/10.3368/jhr.45.2.407
Unstructured Citation
Nelson R.R. and Phelps E.S. (1966). Investments in Humans, Technological Diffusion, and Economic Growth. American Economic Review, 56(1/2): 69-75.
Unstructured Citation
OECD (2014). PISA 2012 Results in Focus. What 15-Year-Olds Know and What they Can Do with What they Know. Paris and Washington, D.D.: OECD.
Unstructured Citation
Oreopoulos P. and Salvanes K.G. (2011). Priceless: The Nonpecuniary Benefits of Schooling. Journal of Economic Perspectives,
25(1): 159-184.
https://doi.org/10.1257/jep.25.1.159
Unstructured Citation
Piopiunik M. (2014). The Effects of Early Tracking on Student Performance: Evidence from a School Reform in Bavaria. Economics
of Education Review, 42: 12-33.
https://doi.org/10.1016/j.econedurev.2014.06.002
Unstructured Citation
Ponzo M. and Scoppa V. (2014). The Long-lasting Effects of School Entry Age: Evidence from Italian Students. Journal of Policy
Modeling, 36: 578-599.
https://doi.org/10.1016/j.jpolmod.2014.04.001
Unstructured Citation
Rothstein J. (2010). Teacher Quality in Educational Production: Tracking, Decay, and Student Achievement. Quarterly Journal
of Economics: 175-214.
https://doi.org/10.1162/qjec.2010.125.1.175
Unstructured Citation
Sauer P. and Zagler M. (2012). Economic Growth and the Quantity and Distribution of Education: A Survey. Journal of Economic
Survey, 26(5): 933-951.
https://doi.org/10.1111/j.1467-6419.2011.00713.x
Unstructured Citation
Schneeweis N. (2011). Educational Institutions and the Integration of Migrants. Journal of Population Economics, 24(4): 1281-1308.
DOI
https://doi.org/10.1007/s00148-009-0271-6.
Unstructured Citation
Schneeweis N. and Zweimüller M. (2014). Early Tracking and the Misfortune of Being Young. The Scandinavian Journal of Economics,
116(2): 394-428.
https://doi.org/10.1111/sjoe.12046
Unstructured Citation
Schuetz G., Ursprung H.W. and Wößmann L. (2008). Education Policy and Equality of Opportunity. Kyklos, 61(2): 279-308.
https://doi.org/10.1111/j.1467-6435.2008.00402.x
Unstructured Citation
Schultz T.W. (1961). Investment in Human Capital. American Economic Review, 51(1): 1-17.
Unstructured Citation
Stevens P. and Weale M. (2004). Education and Economic Growth. In: Johnes G. and Johnes J. (eds.). International Handbook
on the Economics of Education. Cheltenham: Edward Elgar.
https://doi.org/10.4337/9781845421694.00009
Unstructured Citation
Stiglitz J. (1975). The Theory of «Screening», Education and the Distribution of Income. American Economic Review, 64(3): 283-300.
Unstructured Citation
Sunde U. and Vischer T. (2015). Human Capital and Growth: Specification Matters. Economica, 82: 368-390.
https://doi.org/10.1111/ecca.12116
Unstructured Citation
Topel R. (1999). Labour Markets and Economic Growth. In: Ashenfelter O. and Card D. (eds.). Handbook of Labour Economics. Amsterdam: North Holland.
Unstructured Citation
Vandenbussche J., Aghion P. and Meghir C. (2006). Distance to Frontier, Growth, and the Composition of Human Capital. Journal
of Economic Growth, 11: 97-127. DOI
https://doi.org/10.1007/s10887-006-9002-y.