Income and schooling: Evidence from international oil price shocks

Markus Brueckner, Mark Gradstein

Research output: Contribution to journalArticlepeer-review

3 Scopus citations

Abstract

Whereas existing literature has documented strong correlations between national incomes and measures of schooling attainment, causality has been hard to pin down. In this paper we explore from an empirical perspective whether income windfalls cause schooling. We do so by focusing on within-country variation and exploiting variation in the international oil price multiplied by countries’ net export shares of oil in GDP as an instrument to extract exogenous variation in countries’ national incomes.We detect a significant positive effect of such incomewindfalls on various measures of schooling attainment, more so in poor countries.

Original languageEnglish
Pages (from-to)212-234
Number of pages23
JournalJournal of Human Capital
Volume10
Issue number2
DOIs
StatePublished - 1 Jun 2016

ASJC Scopus subject areas

  • Economics, Econometrics and Finance (all)

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