Strong Link between Education and Earnings (Human Capital News and Research 122)

Strong link between education and earnings


Strong link between education and earnings

Classical economists knew it. But it was only in the latter half of the 20th century that the link between education and earnings was established in theory and practice. The importance of the earnings benefit of schooling is vital for a variety of social issues.These include economic and social policy, racial and ethnic discrimination,gender discrimination, income distribution, and the determinants of the demand for education. This link between education and earnings is formally made in the calculation of the rate of return to investment in education…

IDA Briefs:

From Vulnerability to Shared Prosperity: Realizing Private Sector–Led Growth Potential in the Kyrgyz Republic

“We need to listen to the recommendations of this report, which says that teacher qualifications should be improved regularly and purposefully,” said Gulmira Kudaiberdieva, Minister of Education and Science, at the launch of the World Development Report 2018: Learning to Realize Education’s Promise. “Looking at the global picture, we have ample material to think about the necessary steps that our country—where a third of the population are children and adolescents—should undertake.”

Tajikistan: Fostering Connectivity and Private Sector–Led Growth to Boost Employment and Improve Lives

Moldova: Changing the Development Paradigm: Toward Higher Productivity and Private Sector-Led Growth

Developing Kosovo’s Digital Economy: Rural Communities Gain Access to High-speed Internet, with World Bank Support

Human Capital Project:

I believe Belarus will benefit greatly from the Human Capital Index – Here’s why On 11 October 2018,the World Bank launched its Human Capital Index, which quantifies the contribution of health and education to the productivity of the next generation of workers. The Index is part of the Human Capital Project, a global effort to accelerate more and better investments in people. Belarus didn’t participate in the Index this year…. 

Other:

Singapore faces biggest reskilling challenge in Southeast Asia Singapore will face the highest rate of job displacement resulting from technological disruption in Southeast Asia, and the country is racing to introduce countermeasures… “Future developments should include increased engagement with the entire education system to make sure that the right foundations can be laid for the various types of learning required to support these initiatives”…

Do higher levels of education and skills in an area benefit wider society? Education benefits individuals, but the societal benefits are likely even greater…Formal schooling increases earnings and provides other individual benefits. However,societal benefits of education may exceed individual benefits. Research finds that higher average education levels in an area are correlated with higher earnings, even for local residents with minimal education. Science, technology,engineering, and mathematics (STEM) graduates appear to generate especially strong external effects, due to their role in stimulating innovation and economic growth. Several strategies to test for causality find human capital externalities do exist…

Education and wage inequality before and during the fiscal crisis. A Quantile regression analysis for Greece 2006-2016 In Greece, during the recession, the returns to education appear to be significantly higher at the upper end of the wage spectrum, thereby contributing to increased inequality…

Homework-free holidays improve schoolchildren’s learning abilities, Hong Kong study finds

Data to Nurture Learning

Testing, Stress, and Performance: How Students Respond Physiologically to High-Stakes Testing

Categories Artificial intelligence, Human capital, Returns to education

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