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Estimates of the economic return to schooling for 28 countries

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Abstract

The economic returns to schooling are estimated using comparable microdata in 28 countries, worldwide. Considerable variation in rates of return is found across countries. There is no evidence for a worldwide rising rate of return to education from 1985 through 1995, Indeed, the worldwide rate of return declines slightly over this period. in general, instrumental-variable estimates (using spouse's and parents' schooling as determinants of schooling) are over 20% higher than ordinary-least-squares estimates. (C) 2002 Elsevier Science B.V. All rights reserved

Topics: HC
Publisher: ELSEVIER SCIENCE BV
OAI identifier: oai:wrap.warwick.ac.uk:10950
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