We model education as an investment in human capital that, like other investments, is appropriately evaluated in a framework that accounts for risk as well as return. In contrast to dominant wage-premia approach to calculating the returns to education, but which implicitly ignores risk, we ...
In this paper, we use the Chinese General Social Survey data (2010–2017) to analyze the dynamics of returns to different education qualifications. We find increasing returns for all types of education, with returns to vocational and academic education i
So Much Reform, so Much Change? the Returns to Secondary Vocational Education over TimeSamantha Viano
Given that the returns to education may change over time, using more recent data for such analysis may help in policy making. However, recent studies on the returns to education have only concentrated on urban Ghana, and those studies that study the returns to schooling for the entire country...
Theoretical models of employer learning suggest that an employee's education is an important signal to the employer initially. Over time, however, the returns to schooling should decrease with labor market experience and increase with initially unobserved ability, since the employer gradually obtains bet...
When looked at in total, the results show that the returns to rural education in China are completely consistent with other developing countries. Finally, these results indicate that China's labour markets are becoming more functional over time.(This abstract was borrowed from another version of ...
Controlling for self-selection into education, however, the cohort differences vanish. There is no strong evidence in favor of the skills obsolescence explanation, and no support for the hypothesis that the quality of schooling has declined over time. Cohort differences in returns to education seem ...
Human capital theory suggests that additional schooling is rewarded in the labor market because employers value the skills, training, and knowledge that come from additional education. However, I propose that foreign education lessens the returns to degrees (job relatedness, income, and job ...
In the 40‐plus year history of estimates of returns to investment in education, there have been several reviews of the empirical results in attempts to establish patterns. Many more estimates from a wide variety of countries, including over‐time evidence, and estimates based on new econometric ...
Education EconomicsLassibille, G. and Navarro, L. ( 1998 ), “ The evolution of returns to education in Spain, 1981/1991 ”, Education Economics , Vol. 5 No. 3, pp. 3 ‐ 10 . [] []Lassibille, G. y M. L. Navarro (1998): "The Evolution of Returns to Education in Spain 1980...