Influence the Education Levels on Income Worldwide: Empirical Evidence
Résumé
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.
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