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ERIC Number: ED518862
Record Type: Non-Journal
Publication Date: 2011-Mar
Pages: 35
Abstractor: As Provided
Reference Count: 73
ISBN: N/A
ISSN: N/A
Education: Past, Present and Future Global Challenges. Policy Research Working Paper 5616
Patrinos, Harry Anthony; Psacharopoulos, George
Human Development Network Education
Progress in educational development in the world since 1900 has been slow and uneven between countries. Providing basic education for all children in developing countries has been and remains an unmet challenge of governments and international organizations alike. This is in sharp contrast to recent findings in the economics literature on the catalytic role of human capital for economic growth and social development in general. Using a newly constructed matched data set on education and national accounts in the 1950 to 2010 period, this paper estimates the loss of income and equity associated with not having a faster rate of human capital accumulation, using alternative methodologies and specific country examples. Such loss is projected backward (1900-1950) and forward (2010-2050) using plausible assumptions regarding what countries could have done in the past or may do in the future to accelerate human capital formation. The findings suggest that the welfare loss in terms of per capita income conservatively ranges from about 7 to 10 percent. Improved educational attainment is also shown to have an effect in reducing income inequality. (Contains 12 figures, 13 tables and 5 footnotes.)
Human Development Network Education. Available from: World Bank Group. 1818 H Street NW, Washington, DC 20433. Tel: 800-645-7247; Tel: 202-458-5454; Fax: 202-522-1500; e-mail: pic@worldbank.org; e-mail: books@worldbank.org; Web site: http://go.worldbank.org/46RX8ZK7U0
Publication Type: Reports - Evaluative
Education Level: Elementary Secondary Education; Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: World Bank, Human Development Network