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7. The data on human capital we used throughout this chapter measured the number of years of schooling attained by members of each coun- try's working-age population. However, coun- tries differ in the number of days of school that make up a school year. Rich countries tend to have more days in their school years than do poor countries. Suppose that instead of data on school years, we used data on school days. How would these new data change our assessment of the role of productivity in explaining variations in output per worker among countries?

7. The data on human capital we used throughout this chapter measured the number of years of schooling attained by members of each coun- try's working-age population. However, coun- tries differ in the number of days of school that make up a school year. Rich countries tend to have more days in their school years than do poor countries. Suppose that instead of data on school years, we used data on school days. How would these new data change our assessment of the role of productivity in explaining variations in output per worker among countries?

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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7. The data on human capital we used throughout this chapter measured the number of years of schooling attained by members of each coun- try's working-age population. However, coun- tries differ in the number of days of school that make up a a school year. Rich countries tend to have more days in their school years than do poor countries. Suppose that instead of data on school years, we used data on school days. How would these new data change our assessment of the role of productivity in explaining variations in output per worker among countries?
Transcribed Image Text:7. The data on human capital we used throughout this chapter measured the number of years of schooling attained by members of each coun- try's working-age population. However, coun- tries differ in the number of days of school that make up a a school year. Rich countries tend to have more days in their school years than do poor countries. Suppose that instead of data on school years, we used data on school days. How would these new data change our assessment of the role of productivity in explaining variations in output per worker among countries?
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