In this paper we focus on education as a private decision to invest in ‘human capital’ and the estimation of the rate of return to that private investment. While the literature is replete with studies that estimate the ...
This paper uses the measures of basic skills (or functional literacy) in the International Adult Literacy Survey to examine the impact of education and basic skills on earnings across a large number of countries. We show ...
Denny, Kevin; Harmon, Colm; O'Sullivan, Vincent(University College Dublin. School of EconomicsUniversity College Dublin. Institute for the Study of Social Change (Geary Institute), 2003-08)
In this paper a rich and innovative dataset, the International Adult Literacy Survey, is used to examine the impact of functional literacy on earnings. We show that the estimated return to formal education is sensitive to ...
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 ...
Chevalier, Arnaud; Conlon, Gavan(University College Dublin. Institute for the Study of Social Change (Geary Institute), 2003-07)
This paper provides evidence of heterogeneity in the returns to higher education in the UK. Attending the most prestigious universities leads to a wage premium of up to 6% for males. The rise in participation in higher ...