This Paper examines cross-country variations in the return to schooling for men and women and considers some of the stylised facts that have emerged from the extensive international literature on private returns to schooling. ...
We extend the standard human capital earnings function to include dispersion in the return to schooling by treating the return as a random coefficient. If the rapid expansion in participation in higher education has been ...
In this paper we extend the standard human capital earnings function to include dispersion in the rate of return to schooling by treating the return as a random
coefficient. One motivation is that if the increase in supply ...
It is clear that education has an important effect on wages paid in the labour market
However it not clear whether this is due to the role that education plays in raising the
productivity of workers (the human capital ...
Education has an important effect on wages but it not clear whether this is because education raises productivity or because education is simply a signal of ability. We implement a number of existing tests for discriminating ...
It is clear that education has an important effect on wages paid in the labour market
However it not clear whether this is due to the role that education plays in raising the
productivity of workers (the human capital ...
The internal rate of return to schooling is a fundamental economic parameter that is
often used to assess whether expenditure on education should be increased or decreased.
This paper considers alternative approaches to ...
Recent developments in the schooling returns literature have focused on exploiting alternative instruments. A number of instruments are available in an Irish dataset, including parental background variables (social class ...
This paper exploits an unusual policy reform that had the effect of reducing the direct cost of schooling in Ireland in the late 1960’s. This gave rise to an increased level of schooling but with effects that vary substantially ...
This paper exploits an unusual policy reform that had the effect of reducing the
direct cost of schooling in Ireland in the late 1960’s. This gave rise to an increased
level of schooling but with effects that vary ...
Education and Earnings in Europe is based on a two year pan-European research programme and presents an in-depth analysis of the returns to education in Europe. The book begins with a critical review of the literature which ...
This paper provides among the first rigorous estimates of the labor-market returns to community college certificates and diplomas, as well as estimating the returns to the more commonly-studied associate’s degrees. Using ...
This paper estimates the impact of schooling on the earnings of men. It is important to know what the return to educational investments might be since a high return to such investments may imply that individuals, for ...
The existing literature now features many examples where log wages are linear in years of schooling and which effectively attempt to correct for least squares bias using instruments based essentially on a single variable. ...
We explore the possibility that different instruments may affect different margins of the schooling distribution, and consistent with recent evidence we find a large, significant downward bias in the least squares estimate ...
There is a well established socioeconomic gradient in educational attainment, despite much
effort in recent decades to address this inequality. This study evaluates a university access
program that provides financial, ...