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The Returns to Education: Microeconomics
Journal of Economic Surveys, 2003In 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 rate of return using regression methods where the estimated return is obtained as the coefficient on a years of education variable in a
Harmon, C., Oosterbeek, H., Walker, I.
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2022
Abstract Just as education institutions must innovate on their roles as culture and value bearers for their societies, the future of work is evolving into an environment of continuous learning. The arc of future careers will not be a straight line but filled with dips and rises that will require learning how to deal with failures and ...
Mahesh Joshi, Gaurav Rastogi, J.R. Klein
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Abstract Just as education institutions must innovate on their roles as culture and value bearers for their societies, the future of work is evolving into an environment of continuous learning. The arc of future careers will not be a straight line but filled with dips and rises that will require learning how to deal with failures and ...
Mahesh Joshi, Gaurav Rastogi, J.R. Klein
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Returns to education for those returning to education: evidence from Australia
Studies in Higher Education, 2013There is widespread support for expanding access to universities for under-represented groups, such as students from lower socio-economic backgrounds and older students, because of the higher rates of return to university degrees. This study examines whether this assumption holds true for mature-aged graduates who have received their degrees in an era ...
Jenny Chesters, Louise Watson
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Sheepskin Effects in the Returns to Education
The Review of Economics and Statistics, 1987Some previous discussions have dismissed screening theories of education partly on the ground that diploma years of education do not confer especially large earnings gains. Similarly, most empirical research on earnings functions has assumed an absence of "sheepskin" effects.
Hungerford, Thomas, Solon, Gary
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The Screening Hypothesis and the Returns to Education
Journal of Political Economy, 1974The screening hypothesis suggests that intereducational earnings differentials, even when standardized for differences due to noneducational factors, reflect no direct productivity-enhancing effects of education but only its effects as a device for signaling preexisting ability differences.
Layard, Richard, Psacharopoulos, George
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The return to education and skills in Italy
International Journal of Manpower, 2012PurposeThe purpose of this paper is to estimate the incidence of educational mismatch in Italy and the return to investment in education, controlling for employees’ ability. Contrary to most existing studies, the heterogeneity of individual performance is measured directly through the assessment of required and provided skills.Design/methodology ...
CAINARCA, GIAN CARLO, F. Sgobbi
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Measuring the Returns to Education Nonparametrically
SSRN Electronic Journal, 2005This article uses a nonparametric model of earnings to measure the returns to education. Under very general smoothness conditions, a nonparametric estimator reveals the true shape of the earnings profiles up to random sampling error. Thus, the nonparametric model should provide better predictions than its parametric counterpart.
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The Return on Investment in Online Education
Journal of Veterinary Medical Education, 2007In the decade since online education emerged in higher education, digital learning has become increasingly commonplace. Various models exist—from those offered fully online to others that combine traditional classroom time with some online activities.
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, 2009 This study gives an account of theory, models and measurements of returns to higher education, seen as the results of economically rational investment decisions. The focus is on returns in the form of increased wages and salaries. These returns vary considerably between different countries and tend to be considerably larger in the USA than in western ...
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The Financial Return on Education Programs
The Journal of Continuing Education in Nursing, 2004Preparing data that demonstrate the financial return on education or training programs is not an easy task. It is complex, given the usual program costs. It is further complicated by the fact that qualitative data are often important in service organizations (e.g., health care). Finding a way to express the value of programs using both quantitative and
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