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Influence The Education Levels on Income Worldwide: Empirical Evidence

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  • Alali, Walid Y.

Abstract

In this paper, I constructed a worldwide novel panel model to investigate the estimation returns of the education levels using the function of the aggregate production approach of education human capital growth using the Mincerian method to acquire an equation of a log-liner, considering the possibility of heterogeneity of the countries. We split the data samples based on the levels of schooling quality and develop the economy of the countries. Our estimation shows the effect of the differences or heterogeneity on the schooling levels among the countries which appear especially post-secondary or tertiary schooling level specified has more impact in developed countries with high quality of schooling learning than effect secondary and primary school levels, while vice versa is true in developing countries.

Suggested Citation

  • Alali, Walid Y., 2012. "Influence The Education Levels on Income Worldwide: Empirical Evidence," MPRA Paper 115616, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:115616
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    More about this item

    Keywords

    Economic Development; Growth; Human Capital; Labour Productivity; Poverty; Health; Human Development;
    All these keywords.

    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • P46 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Consumer Economics; Health; Education and Training; Welfare, Income, Wealth, and Poverty

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