Boockmann, Bernhard; Steiner, Viktor - 2000
Using a Mincer-type wage function, we estimate cohort effects in the returns to education for West German workers born … possibly also age effects in the returns. For women, we find a large and robust decline in schooling premia: in the private … sector, the returns to a further year of post-compulsory education fell from twelve per cent for the 1945-49 cohort to about …