Comparable Estimates of Returns to Schooling Around the World

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collection.link.5
https://openknowledge.worldbank.org/handle/10986/9
collection.name.5
Policy Research Working Papers
dc.contributor.author
Montenegro, Claudio E.
dc.contributor.author
Patrinos, Harry Anthony
dc.date.accessioned
2014-10-02T20:14:36Z
dc.date.available
2014-10-02T20:14:36Z
dc.date.issued
2014-09
dc.date.lastModified
2017-12-14T08:57:35Z
dc.description.abstract
Rates of return to investments in schooling have been estimated since the late 1950s. In the 60-plus year history of such estimates, there have been several attempts to synthesize the empirical results to ascertain patterns. This paper presents comparable estimates, as well as a database, that use the same specification, estimation procedure, and similar data for 139 economies and 819 harmonized household surveys. This effort to compile comparable estimates holds constant the definition of the dependent variable, the set of control variables, the sample definition, and the estimation method for all surveys in the sample. The results of this study show that (1) the returns to schooling are more concentrated around their respective means than previously thought; (2) the basic Mincerian model used is more stable than may have been expected; (3) the returns to schooling are higher for women than for men; (4) returns to schooling and labor market experience are strongly and positively associated; (5) there is a decreasing pattern over time; and (6) the returns to tertiary education are highest.
en
dc.identifier
http://documents.worldbank.org/curated/en/2014/09/20173085/comparable-estimates-returns-schooling-around-world
dc.identifier.uri
http://hdl.handle.net/10986/20340
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank Group, Washington, DC
dc.relation.ispartofseries
Policy Research Working Paper;No. 7020
dc.rights
CC BY 3.0 IGO
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
AVERAGE SCHOOLING
dc.subject
BASIC EDUCATION
dc.subject
BASIC EDUCATION LEVEL
dc.subject
COMPARATIVE EDUCATION
dc.subject
COMPULSORY SCHOOLING
dc.subject
DEMAND FOR EDUCATION
dc.subject
DUMMY VARIABLES
dc.subject
ECONOMIC DEVELOPMENT
dc.subject
ECONOMICS OF EDUCATION
dc.subject
EDUCATION ATTAINMENT
dc.subject
EDUCATION ECONOMICS
dc.subject
EDUCATION SYSTEMS
dc.subject
ETHNIC DISCRIMINATION
dc.subject
ETHNIC GROUPS
dc.subject
FEDERAL RESERVE
dc.subject
GENDER DISCRIMINATION
dc.subject
GENDER GAP
dc.subject
GLOBAL ECONOMY
dc.subject
HOLDING
dc.subject
HOUSEHOLD SURVEYS
dc.subject
HUMAN CAPITAL
dc.subject
HUMAN DEVELOPMENT
dc.subject
HUMAN RESOURCES
dc.subject
HUMAN RIGHTS
dc.subject
INTERNATIONAL BANK
dc.subject
INVESTMENT IN EDUCATION
dc.subject
INVESTMENTS IN EDUCATION
dc.subject
LABOR MARKET
dc.subject
LEVEL OF EDUCATION
dc.subject
LEVELS OF EDUCATION
dc.subject
LIBRARIES
dc.subject
OPPORTUNITY COST
dc.subject
PAPERS
dc.subject
PERSONAL INCOME
dc.subject
POLITICAL ECONOMY
dc.subject
PRIMARY LEVEL
dc.subject
PRIMARY SCHOOL
dc.subject
PRIMARY SCHOOL LEVEL
dc.subject
PRIMARY SCHOOL-AGED CHILDREN
dc.subject
PRIMARY SCHOOLING
dc.subject
QUALITY EDUCATION
dc.subject
RATE OF RETURN
dc.subject
RATE OF RETURNS
dc.subject
RATES OF RETURN
dc.subject
RETURNS
dc.subject
RETURNS TO EDUCATION
dc.subject
RETURNS TO SCHOOLING
dc.subject
SCHOOL CONSTRUCTION
dc.subject
SCHOOL FINANCE
dc.subject
SCHOOL GRADUATES
dc.subject
SCHOOL ­ FEES
dc.subject
SCHOOLING
dc.subject
SCHOOLING COEFFICIENT
dc.subject
SCHOOLING LEVELS
dc.subject
SECONDARY EDUCATION
dc.subject
SECONDARY SCHOOL
dc.subject
SOCIAL BENEFITS
dc.subject
SOCIAL CAPITAL
dc.subject
TERTIARY EDUCATION
dc.subject
TUITION
dc.title
Comparable Estimates of Returns to Schooling Around the World
en
okr.date.disclosure
2014-09-01
okr.doctype
Publications & Research :: Policy Research Working Paper
okr.doctype
Publications & Research
okr.docurl
http://documents.worldbank.org/curated/en/2014/09/20173085/comparable-estimates-returns-schooling-around-world
okr.globalpractice
Education
okr.globalpractice
Finance and Markets
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/1813-9450-7020
okr.identifier.externaldocumentum
000158349_20140904084836
okr.identifier.internaldocumentum
20173085
okr.identifier.report
WPS7020
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/09/04/000158349_20140904084836/Rendered/PDF/WPS7020.pdf
en
okr.topic
Education :: Education Reform and Management
okr.topic
Teaching and Learning
okr.topic
Education :: Education For All
okr.topic
Education :: Primary Education
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.unit
Education Global Practice Group
okr.volume
1 of 1

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