Schooling Effects

Ibrahim Duyar & W. Keith Christy & Orhan Kara

Research on the schooling effects has developed along two broad lines. The first draws upon the theory of economic growth to assess the contribution of education to economic development of nations. The second has employed analytic methods based on microeconomic theories to examine the effects of investments in education on the size and distribution of individual incomes. At the national level, education is seen as a means to develop essential skills that are prerequisite for reducing poverty, sustaining development, and empowering people through democracy. This understanding has led all nations to devote considerable resources to education from their budgets and gross national products. Education has been high on the political agenda of every country at all developmental levels. At the individual level, people rank education of their children highly when they are asked about their priorities in life. Individuals invest in education because they expect high personal earnings due to ...

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