Schooling Ain’t Learning, But It Is Money

Bryan Caplan:

Lant Pritchett is enjoying justified praise for his new The Rebirth of Education: Schooling Ain’t Learning. His central thesis: schooling has exploded in the Third World, but literacy and numeracy remain wretched.
The average Haitian and Bangladeshi today have more schooling than the average Frenchman or Italian in 1960:

On international literacy and numeracy tests, however, the average student in the developing world still scores far below the average student in the developed world. Gaps of one standard deviation plus are typical:

“I have never let my schooling interfere with my education” – apparently from Mark Twain.