It has been argued that high rates of education are essential for countries to be able to achieve high levels of economic growth. [30] Empirical analyses tend to support the theoretical prediction that poor countries should grow faster than rich countries because they can adopt cutting edge technologies already tried and tested by rich countries.[31] Recent study of the determinants of aggregate economic growth have stressed the importance of fundamental economic institutions[32] and the role of cognitive skills.[33]
At the individual level, there is a large literature, generally related back to the work of Jacob Mincer,[34] on how earnings are related to the schooling and other human capital of the individual. This work has motivated a large number of studies, but is also controversial. The chief controversies revolve around how to interpret the impact of schooling.
copy by: http://en.wikipedia.org/wiki/Education#Secondary_education
copy by: http://en.wikipedia.org/wiki/Education#Secondary_education
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