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,…

Examines recent returns to schooling and vocational and occupational training in OECD countries. Provides estimates of short-cut, Mincer-type, and internal rates of return to schooling and alternative estimates of returns to formal and informal post-school training investments. High-return countries include Austria, Canada, France, Mexico,…

To account for significant increase in female participation in secondary and higher education in Australia, models of educational attainment are estimated for different age groups. Finds that while family-related characteristics play a major role in educational attainment, female attainment is strongly influenced by age-group membership,…

Develops a valuation model of educational output based on individual earnings from cross-sectional data; describes the problems associated with defining certain elements of the model and proposes adjustments related thereto; uses model to estimate the value of university education in Spain. (Contains 68 references.) (PKP)

A study to determine association between level of female education and gender wage differentials in India finds that while gender-based wage discrimination exits, level of female education is not a significant factor. Finds return on investment rises with education level for both sexes. (Contains 37 references.) (PKP)

This paper reports labour market returns to education in Bangladesh using data from recent nationwide household survey. Returns are estimated separately for rural and urban samples, males, females and private-sector employees. Substantial heterogeneity in returns is observed; for example, estimates are higher for urban (than rural sample) and…

This paper estimates the returns to education for adult male workers in regular and casual wage employment using Indian national survey data at three points in time spanning almost two decades. Both standard and augmented Mincerian wage equations are estimated using a set of human capital measures and other controls after addressing the issue of…

Examines higher education's costs and economic benefits, as perceived by final-form secondary students in Cyprus. Investigates the main influences on students' expected lifetime earnings. The findings support human capital theory. College-bound students expected their lifetime earnings to increase considerably. In comparison, labor market entrants…

Estimates private and social rates of return for university science and technology graduates in Trinidad and Tobago. Makes comparisons with other fields of study such as agriculture, natural sciences, engineering, and humanities. Concludes that rates of return are inconsistent with the allocative preferences of policymakers. (Authors/PKP)

Utilizes a large institutional-level data set of four-year U.S. colleges and two-stage least-square estimation to affirm the relationship of college student migration to human capital theory. Small class size, college selectivity, successful academic programs, the availability of diverse cultural alternatives, and highly qualified and productive…

In an analysis of higher education in Fiji, this study incorporates the tax system in a model of the returns to education. Rather than subsidizing higher education, the public generates a significant financial benefit from its funding of higher education, in addition to profits made by the individual student. Contains 27 references. (MLH)

Using 1980-81 and 1990-91 Household Survey data, analyzes educational expansion in Spain, estimating earnings equations for male family heads and comparing rates of return-to-education. Decomposes changes in men's average earnings to assess the contribution of population structure variations and pay-system changes. Returns to secondary education…

Estimates the rates of return to overeducation in the United Kingdom, using the 1991 British Household Panel Survey. Describes three approaches to analyzing skill utilization and their returns. Analyzes characteristics of the overeducated and undereducated work force. Overeducation is part of an adjustment in the labor market and tends to…

Provides empirical evidence concerning the education/earnings distribution relationship in South Africa. Investment in education is directly related to earnings across racial groups. An increase in the average education level is associated with a narrower dispersion of earnings. A more equal education distribution is associated with a more equal…

Develops a human-capital model to illustrate earnings forecasts of British 16- to 19-year olds following different vocational qualifications. Uses General Household Survey data to explore expected lifetime earning and compares these with competing academic and labor-market options. Inadequate returns to low-level vocational qualifications may…