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Jesús Crespo Cuaresma, Petra Sauer (WIFO), Samir K.C. (IIASA)
Age-specific Education Inequality, Education Mobility and Income Growth. WWWforEurope Working Paper No. 6
WWWforEurope: Welfare, Wealth and Work for Europe, June 2013, 30 pages
Commissioned by: Vienna Chamber of Labour – Österreichische Forschungsförderungsgesellschaft mbH – Austrian Agency for International Cooperation in Education and Research – OeAD-GmbH – European Commission, Framework Programme
Study by: Austrian Institute of Economic Research
We construct a new dataset of inequality in educational attainment by age and sex at the global level. The comparison of education inequality measures across age groups allows us to assess the effect of inter-generational education attainment trends on economic growth. Our results indicate that countries which are able to reduce the inequality of educational attainment of young cohorts over time tend to have higher growth rates of income per capita. This effect is additional to that implied by the accumulation of human capital and implies that policies aiming at providing broad-based access to schooling have returns in terms of economic growth that go beyond those achieved by increasing average educational attainment.
Research group:Labour Economics, Income and Social Security – Macroeconomics and Public Finance
Language:English

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