Estimates of wage and nonfarm self-employment earnings in the Ivory Coast show that rates of return to education are high for both sexes, but men's wages exceed women's by a substantial margin for all but the most educated. (Author/SK)

According to data from 1987 Survey of Veterans, veterans' benefits increase schooling by 1.4 years, corresponding to annual earnings 6% higher than without benefits. The effect accrues primarily to the 77% of benefit recipients who attend higher education. (SK)

Household survey data from 11 Latin American countries and curriculum costs were used to estimate earnings differences by type of secondary education. In some countries, private vocational schooling had greater returns. Introducing the cost of curriculum and social returns results in much lower returns to vocational schooling. (SK)

Uses data from the National Adult Literacy Survey to examine the relationship between schooling and earnings. Basic skills are partitioned between those acquired through schooling and those acquired elsewhere. Finds that, for the most part, it is the substance of learning in school--the accumulated human capital--that counts, not the credential.…

Using information on time costs of training and gains in wages attributable to training, rates of return on training investments were compared. The range of estimates based on several data sets generally exceeds the magnitude of rates of return usually observed for schooling investments. It is not clear, however, that the difference represents…

Reports internal rates of return (IRORs) to college education based on the Panel Study of Income Dynamics. IROR declined from 1969 to 1974 but by 1978, approached the 1969 level. From 1978 to 1982, IROR either increased or slightly decreased. From 1982 to 1985, IROR remained essentially unchanged, according to one measure, or increased…

Using a large German Socioeconomic Panel data set for the period 1984-98, investigates the wage effects of two different measures of educational mismatch, overeducation and undereducation, when controlling for unobserved heterogeneity. Finds that wages differences between overeducated and undereducated workers totally disappear in most cases.…

National Longitudinal Survey data were used to estimate the effects of specific high school curricula on wages and educational attainment. Return to additional academic courses was small, suggesting that the value of a year of high school cannot be accounted for by estimates of the value of courses taken. (SK)

Differing educational levels affect mean income differences among states. However, mean earnings also differ when holding constant amounts of education and experience; persons in higher income states earn more. Immigrants show smaller state income than do natives, or no effect. Differences among states are mainly due to influences during…

Examines effects of cohort size on starting salaries of college graduates from different areas of study. Increases in the size of graduating classes relative to the population depress their starting salaries relative to other workers. Smallest negative cohort size effects are found for engineering and business graduates, while the largest are…

Uses household survey data for 18 Latin American countries to assess earnings differentials by education level and to chart 1980s changes. Introducing cost of education allows private and social rates of return to education investment to be estimated by education level, gender, employment sector, curriculum type, duration. In most countries,…

Uses data from 1989 Uruguayan Household Survey to investigate earnings/education relationship. Mincerian earnings functions fitted to nearly 10,000 workers reveal a 9.2% private return rate for each extra year of schooling. Females realize a full percentage point over males; private sector employees enjoy a 5 percentage point advantage over public…

This study used 10 years of personnel data of Michigan State University faculty to explore the returns in salary to seniority (the wage-tenure profile) and the degree to which these returns respond to entry-level salaries (or opportunity wages). Elasticities of senior-faculty salaries were estimated with respect to entry-level salaries, and…

Adult students (25 years old and over) currently constitute 43% of all college students. This paper investigates the importance of college timing in determining earnings. Findings show that those who complete college at a later age receive a significantly smaller initial earning increase than those who acquire their education earlier in life.…

In the South African context, the schooling returns of young African males aged 20-29 increased significantly between 1975 and 1985, whereas the returns enjoyed by older African males improved only negligibly. This paper shows that an improvement in schooling quality for Africans between the early sixties and early seventies partly explains the…