Abstract
Education has always had an important place in public policy. Unfortunately, during the past decades education policies have been inspired by the human-capital approach; this approach views the education sector as an instrument to provide skills and knowledge for people to be productive and competitive and to generate greater income. The educational sector is key in the promotion of skills and the provision of knowledge for well-being; however, by focusing too much in generating human capital the education sector risks reducing its potential impact on well-being.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Becker, G. (1964, 1993, 3rd ed.). Human capital: A theoretical and empirical analysis, with special reference to education. Chicago: University of Chicago Press.
Becker, G. (1994). Human capital: A theoretical and empirical analysis, with special reference to education. Chicago: The University of Chicago Press.
Daude, C. (2011). Ascendance by descendants? On intergenerational education mobility in Latin America. Working Paper No. 297. Paris: OECD Development Centre.
Hanushek, E., & Kimko, D. (2000). Schooling, labor force quality, and the growth of nations. American Economic Review, 90(5), 1184–1208.
Hanushek, E., & Woessmann, L. (2008). The role of cognitive skills in economic development. Journal of Economic Literature, 46(3), 607–668.
Hanushek, E. A., & Woessmann, L. (2011). The economics of international differences in educational achievement. In E. A. Hanushek, S. Machin, & L. Woessmann (Eds.), Handbook of the economics of education (pp. 89–199). Amsterdam: North Holland.
Jensen, R. (2010). The (perceived) returns to education and the demand for schooling. Quarterly Journal of Economics, 125(2), 515–548.
Keeley, B. (2007). Human capital—The value of people (Chap. 2, pp. 22–37). OECD Insights.
Mincer, J. (1957). A study on personal income distribution (Ph.D. dissertation). Columbia University, New York.
Mincer, J. (1962). On the job training: Costs, returns, and some implications. Journal of Political Economy, 70(5), 550–579.
Moretti, E. (2004). Workers’ education, spillovers, and productivity: Evidence from plant-level production functions. The American Economic Review, 94(3), 656–669.
Paoli, A. (2011). La educación promotora del bienestar. In M. Rojas (coord.), La Medición del Progreso y del Bienestar: Propuestas desde América Latina (pp. 297–304). Mexico D.F.: Foro Consultivo Científico y Tecnológico.
Rojas, M. (2018). Educación, Capital Humano y Felicidad. In R. Millán & R. Castellanos (Eds.), Bienestar Subjetivo en México. Mexico: UNAM.
Schultz, T. W. (1959). Human wealth and economic growth. Humanist, 2, 109–117.
Schultz, T. W. (1961). Investment in human capital. American Economic Review, 51, 1–17.
Schultz, T. W. (Ed). (1962). Investment in human beings. Journal of Political Economy, 70(5, Part 2), 1–8.
Schultz, T. W. (1971). Investment in human capital: The role of education and research. New York: Free Press.
Teixeira, P. (2005). The human capital revolution in economics. History of Economic Ideas, 13(2), 129–148.
Teixeira, P. (2010). Human capital—A reading guide (pp. 152–159). Cheltenham: Elgar Companion on Chicago Economics; Edward Elgar.
UNECE. (2016). Guide on measuring human capital. Geneva: United Nations Economic Commission for Europe.
World Bank. (2018). The human capital project booklet.
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2020 Springer Nature Switzerland AG
About this chapter
Cite this chapter
Rojas, M. (2020). Education and Well-Being. In: Well-Being in Latin America. Human Well-Being Research and Policy Making. Springer, Cham. https://doi.org/10.1007/978-3-030-33498-7_9
Download citation
DOI: https://doi.org/10.1007/978-3-030-33498-7_9
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-33497-0
Online ISBN: 978-3-030-33498-7
eBook Packages: Social SciencesSocial Sciences (R0)