Since the development of human capital theory, countless estimates of the economic benefits of investing in education for the individual have been published. While it is a universal fact that in all countries of the world the more education one has the higher his or her earnings, it is...

Typically estimates of the benefits of education investments show average private rates of return for the average individual. The average may not be useful for policy. An examination of the distribution of the returns across individuals is needed. The few studies that have examined these...

Typically estimates of the benefits of education investments show average private rates of return for the average individual. The average may not be useful for policy. An examination of the distribution of the returns across individuals is needed. The few studies that have examined these...

Typically estimates of the benefits of education investments show average private rates of return for the average individual. The averagemay not be useful for policy. An examination of the distribution of the returns across individuals is needed. The few studies that have examined these patterns...

Since the development of human capital theory, countless estimates of the economic benefits of investing in education for the individual have been published. While it is a universal fact that in all countries of the world the more education one has the higher his or her earnings, it is...

A model of endogenous growth is used to test the effect of education on wage differentials.The presence and persistence of substantial wage differentials between industries has been documented. Differences between wages in different industries could result from (1) the normal functioning of...