We examine the importance of adult functional literacy skills for individuals using a quantile regression methodology. The inclusion of the direct measure of basic skills reduces the return to schooling by 27%, equivalent to two additional years of schooling, while a one standard deviation increase in the score increases earnings by 20%. For those…

This study compares the growth in salaries across three spatial regions in China during the period 1993-1998, when economic reforms were implemented nationwide. Our study compares the impact of three forms of education and training on salary growth, namely pre-job formal schooling, on-the-job-training provided by employers, and adult education…

Identifies market and nonmarket returns to education over graduates' life cycle, as well as social benefit externalities. Considers most recent developments in measuring and evaluating these returns, relating them to costs. The capacity to finance lifelong learning depends on identification and measurement capacity and political processes. (149…