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The role of school improvement in economic development

Author: Eric A Hanushek; Ludger Woessmann; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2007.
Series: Working paper series (National Bureau of Economic Research), no. 12832.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
"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, with a particular focus on the role of educational quality. It concludes that there is strong evidence that the cognitive skills of the population -  Read more...
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Additional Physical Format: Print version:
Hanushek, Eric A. (Eric Alan), 1943-
Role of school improvement in economic development.
Cambridge, Mass. : National Bureau of Economic Research, 2007
(DLC) 2007615069
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Eric A Hanushek; Ludger Woessmann; National Bureau of Economic Research.
OCLC Number: 78925171
Description: 1 online resource (1 volume).
Series Title: Working paper series (National Bureau of Economic Research), no. 12832.
Responsibility: Eric A. Hanushek, Ludger Woessmann.

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, with a particular focus 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 clear that closing the economic gap with developed countries will require major structural changes in schooling institutions"--National Bureau of Economic Research web site.

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