Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/225637
Authors: 
Cui, Ying
Martins, Pedro S.
Year of Publication: 
2020
Series/Report no.: 
GLO Discussion Paper 706
Abstract: 
Education can generate important externalities that contribute towards economic growth and convergence. In this paper, we study the drivers of such externalities by conducting the first meta-analysis of the social returns to education literature. We analyse over 1,000 estimates from 31 articles published since 1993 that cover 15 countries. Our results indicate that: 1) spillovers slow down with economic development; 2) tertiary schooling and schooling dispersion increase spillovers; 3) spillovers are smaller under fixed-effects and IV estimators but larger when measured at the firm level; and 4) there is publication bias (but not citation bias).
Subjects: 
returns to education
education externalities
JEL: 
I26
I28
J24
J31
C36
Document Type: 
Working Paper

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