Publication:
Education : Past, Present and Future Global Challenges

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dc.contributor.authorPsacharopoulos, George
dc.contributor.authorPatrinos, Harry Anthony
dc.date.accessioned2012-03-19T18:01:29Z
dc.date.available2012-03-19T18:01:29Z
dc.date.issued2011-03-01
dc.description.abstractProgress 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.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110329095336
dc.identifier.doi10.1596/1813-9450-5616
dc.identifier.urihttps://hdl.handle.net/10986/3383
dc.languageEnglish
dc.relation.ispartofseriesPolicy Research working paper ; no. WPS 5616
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CAPITAL
dc.subjectADULTS
dc.subjectAGRICULTURAL PRODUCTIVITY
dc.subjectAVERAGE LEVEL
dc.subjectBASIC EDUCATION
dc.subjectBENEFITS OF EDUCATION
dc.subjectBUSINESS CYCLES
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL THEORY
dc.subjectCOGNITIVE SKILLS
dc.subjectCOGNITIVE TEST
dc.subjectCOMPARATIVE ECONOMICS
dc.subjectCOMPULSORY EDUCATION
dc.subjectCOMPULSORY SCHOOLING
dc.subjectCOUNTRY CASE
dc.subjectCOUNTRY DATA
dc.subjectCOUNTRY INEQUALITY
dc.subjectCOUNTRY LEVEL
dc.subjectCOUNTRY REGRESSIONS
dc.subjectDATA QUALITY
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT GOALS
dc.subjectDEVELOPMENT POLICY
dc.subjectDEVELOPMENT REPORT
dc.subjectDIMINISHING RETURNS
dc.subjectDISEQUILIBRIUM
dc.subjectECONOMETRICS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC HISTORIANS
dc.subjectECONOMIC HISTORY
dc.subjectECONOMIC LITERATURE
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC STUDIES
dc.subjectECONOMIC SURVEYS
dc.subjectECONOMIC THEORY
dc.subjectECONOMICS
dc.subjectECONOMICS LETTERS
dc.subjectECONOMICS LITERATURE
dc.subjectECONOMICS OF EDUCATION
dc.subjectEDUCATED POPULATION
dc.subjectEDUCATED WORKERS
dc.subjectEDUCATION ATTAINMENT
dc.subjectEDUCATION DATA
dc.subjectEDUCATION ECONOMICS
dc.subjectEDUCATION EXPENDITURE
dc.subjectEDUCATION FOR ALL
dc.subjectEDUCATION POLICIES
dc.subjectEDUCATION POLICY
dc.subjectEDUCATION STATISTICS
dc.subjectEDUCATIONAL ATTAINMENT
dc.subjectEDUCATIONAL DEVELOPMENT
dc.subjectEDUCATIONAL PERFORMANCE
dc.subjectEDUCATIONAL POLICIES
dc.subjectEDUCATIONAL PROGRESS
dc.subjectEDUCATORS
dc.subjectEFFECTS OF EDUCATION
dc.subjectEMPIRICAL GROWTH LITERATURE
dc.subjectEMPIRICAL LITERATURE
dc.subjectENROLLMENT RATE
dc.subjectENROLMENT RATIO
dc.subjectENROLMENT STATISTICS
dc.subjectERROR TERM
dc.subjectEXTERNALITY
dc.subjectFORMAL EDUCATION
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGENDER INEQUALITY
dc.subjectGLOBAL EDUCATION
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectGROWTH REGRESSIONS
dc.subjectGROWTH THEORIES
dc.subjectGROWTH THEORY
dc.subjectHIGH GROWTH
dc.subjectHIGHER EDUCATION
dc.subjectHIGHER LITERACY
dc.subjectHOUSEHOLD SURVEYS
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN DEVELOPMENT
dc.subjectHUMAN RIGHTS
dc.subjectILLITERACY
dc.subjectILLITERACY RATES
dc.subjectIMPACT OF EDUCATION
dc.subjectINCOME
dc.subjectINCOME DATA
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME GROWTH
dc.subjectINCOME INEQUALITY
dc.subjectINCREASING RETURNS
dc.subjectINDEPENDENT VARIABLE
dc.subjectINEQUALITY DECLINES
dc.subjectINFERIOR EDUCATION
dc.subjectINTERNATIONAL ORGANIZATIONS
dc.subjectINVESTMENT IN EDUCATION
dc.subjectLABOR FORCE
dc.subjectLEVEL OF EDUCATION
dc.subjectLEVELS OF EDUCATION
dc.subjectLIQUIDITY
dc.subjectLONG-RUN GROWTH
dc.subjectLONG-TERM GROWTH
dc.subjectLOW EDUCATIONAL ATTAINMENT
dc.subjectLOWER LEVEL OF EDUCATION
dc.subjectMACROECONOMICS
dc.subjectMARGINAL COST
dc.subjectMARGINAL RETURNS
dc.subjectMICRO DATA
dc.subjectMONETARY ECONOMICS
dc.subjectMONETARY POLICIES
dc.subjectNATIONAL ACCOUNTS
dc.subjectNATIONAL INCOME
dc.subjectNATIONAL OUTPUT
dc.subjectNON-FORMAL EDUCATION
dc.subjectPER CAPITA INCOME
dc.subjectPOLICY RESEARCH
dc.subjectPOLITICAL ECONOMY
dc.subjectPOOR COUNTRIES
dc.subjectPOSITIVE EXTERNALITIES
dc.subjectPRIMARY EDUCATION
dc.subjectPRIMARY ENROLLMENT
dc.subjectPRIMARY SCHOOL
dc.subjectPRIMARY SCHOOL AGE
dc.subjectPRIMARY SCHOOL AGE CHILDREN
dc.subjectPRIMARY SCHOOL ENROLLMENT
dc.subjectPRIMARY SCHOOLING
dc.subjectPRODUCTION FUNCTION
dc.subjectPRODUCTIVITY
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC GOOD
dc.subjectPUBLIC POLICY
dc.subjectREDUCTION OF ILLITERACY
dc.subjectRETURNS TO EDUCATION
dc.subjectRICH COUNTRIES
dc.subjectSCHOOL ENROLLMENT
dc.subjectSCHOOL ENROLMENT
dc.subjectSCHOOL GRADUATE
dc.subjectSCHOOL YEAR
dc.subjectSCHOOLING
dc.subjectSECONDARY SCHOOL
dc.subjectSECONDARY SCHOOLING
dc.subjectSIGNIFICANT EFFECT
dc.subjectSOCIAL BENEFITS
dc.subjectSOCIAL DEVELOPMENT
dc.subjectSOCIAL LEARNING
dc.subjectSOCIAL WELFARE
dc.subjectSTANDARD DEVIATION
dc.subjectTRADE POLICIES
dc.subjectTUITION
dc.subjectUNDERESTIMATES
dc.subjectUNEMPLOYMENT
dc.subjectUNIVERSITIES
dc.subjectUNIVERSITY EDUCATION
dc.subjectUTILITY FUNCTION
dc.subjectVOTERS
dc.subjectWAGES
dc.titleEducation : Past, Present and Future Global Challengesen
dspace.entity.typePublication
okr.crossref.titleEducation: Past, present and future global challenges
okr.date.disclosure2011-03-01
okr.date.doiregistration2025-04-10T11:29:57.353949Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110329095336
okr.globalpracticeEducation
okr.globalpracticePoverty
okr.guid905091468149387286
okr.identifier.doi10.1596/1813-9450-5616
okr.identifier.externaldocumentum000158349_20110329095336
okr.identifier.internaldocumentum13978852
okr.identifier.reportWPS5616
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2011/03/29/000158349_20110329095336/Rendered/PDF/WPS5616.pdfen
okr.region.administrativeThe World Region
okr.region.administrativeThe World Region
okr.topicEducation::Education For All
okr.topicEducation::Access & Equity in Basic Education
okr.topicPoverty Reduction::Achieving Shared Growth
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublicationc9e7c391-9af8-566a-8bb3-cc917745467c
relation.isAuthorOfPublication.latestForDiscoveryc9e7c391-9af8-566a-8bb3-cc917745467c
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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