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Lucas type external effects of human capital: strong evidence using microdata

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  • Chris Sakellariou
  • Ramin Maysami

Abstract

Past evidence on the existence Lucas type external effects of education has been, at best, mixed. This study re-visits a two-stage microeconometric approach which allows for the estimation of the external effects of human capital on wages (and therefore productivity). Strong evidence is found of external effects to education - and in particular, years of schooling and job-related training - using microdata from Venezuela.

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  • Chris Sakellariou & Ramin Maysami, 2004. "Lucas type external effects of human capital: strong evidence using microdata," Applied Economics Letters, Taylor & Francis Journals, vol. 11(6), pages 343-346.
    • Handle: RePEc:taf:apeclt:v:11:y:2004:i:6:p:343-346
    DOI: 10.1080/1350485042000228169
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    References listed on IDEAS

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    1. Rauch James E., 1993. "Productivity Gains from Geographic Concentration of Human Capital: Evidence from the Cities," Journal of Urban Economics, Elsevier, vol. 34(3), pages 380-400, November.
    2. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    3. Chris Sakellariou, 2001. "Identifying the external effects of human capital: a two-stage approach," Applied Economics Letters, Taylor & Francis Journals, vol. 8(3), pages 191-194.
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    1. Ozan Bakis & Nurhan Davutyan & Haluk Levent & Sezgin Polat, 2010. "External Returns to Higher Education in Turkey," Working Papers 517, Economic Research Forum, revised 04 Jan 2010.
    2. Kirby, Simon & Riley, Rebecca, 2008. "The external returns to education: UK evidence using repeated cross-sections," Labour Economics, Elsevier, vol. 15(4), pages 619-630, August.
    3. Paul Verstraten, 2018. "The scope of the external return to higher education," CPB Discussion Paper 381.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    4. STRAWINSKI Pawel, 2009. "External Return to Education in Europe," IRISS Working Paper Series 2009-09, IRISS at CEPS/INSTEAD.
    5. Paul Verstraten, 2018. "The scope of the external return to higher education," CPB Discussion Paper 381, CPB Netherlands Bureau for Economic Policy Analysis.
    6. Simone N. Tuor Sartore & Uschi Backes-Gellner, 2012. "Educational diversity and individual pay: The advantages of combining academic and VET graduates in the workplace," Economics of Education Working Paper Series 0078, University of Zurich, Department of Business Administration (IBW), revised Nov 2020.
    7. Uschi Backes-Gellner & Christian Rupietta & Simone N. Tuor Sartore, 2017. "Reverse educational spillovers at the firm level," Evidence-based HRM, Emerald Group Publishing Limited, vol. 5(1), pages 80-106, April.

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