首页 | 本学科首页   官方微博 | 高级检索  
     


The contribution of rising school quality to U.S. economic growth
Affiliation:1. Columbia University, Department of Economics, International Affairs Building, 420 West 118th St., New York, NY 10027, United States;2. NBER, United States;1. University of Chicago Booth School of Business, USA;2. NBER, USA;1. New York University, 40 Washington Square South, New York, NY 10012, United States;2. Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue N.W., Washington, D.C. 20551, United States;1. Sao Paulo School of Economics-FGV, Brazil;2. Michigan State University, United States;1. Paris School of Economics, University of Paris 1 Panthéon-Sorbonne, and CEPR, France;2. Australian National University, CAMA, and EABCN, Australia;3. University .of Washington, CEPR, EABCN, and NBER, United States;1. Hong Kong University of Science and Technology, Hong Kong;2. Department of Economics, Boston University, 270 Bay State Road, Boston, MA 02215, USA;3. Central Bank of Chile, Chile;4. Toulouse School of Economics, France
Abstract:U.S. public school expenditures per pupil increased by a factor of 9 during the 20th century. This paper quantifies how much U.S. labor quality has grown due to the rise in educational spending. A schooling model and cross-sectional earnings variations across cohorts are exploited to identify the effect of the increased school expenditures on labor quality growth. The findings are that (i) U.S. labor quality increased by 0.4% per year between 1967 and 2000, one-fifth of which is attributable to the rise in educational spending; and (ii) labor quality growth explains one-quarter of the rise in labor productivity.
Keywords:Labor quality growth  Rising school quality  Growth accounting
本文献已被 ScienceDirect 等数据库收录!
设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号