Description: Heterogeneous Returns to Education in the Labor Market

Heterogeneous Returns to Education in the Labor Market

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...

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Bibliographic Details
Main Authors:	Fasih, Tazeen, Kingdon, Geeta, Patrinos, Harry Anthony, Sakellariou, Chris, Soderbom, Mans
Language:	English en_US
Published:	World Bank, Washington, DC 2012
Subjects:	ACADEMIC ACHIEVEMENT ACADEMIC STANDARDS ACCESS TO QUALITY EDUCATION ACCESS TO SCHOOLING ACHIEVEMENT LEVEL BANK POLICY BASIC EDUCATION CHILD EDUCATION DEVELOPING COUNTRIES DUMMY VARIABLES ECONOMIC DEVELOPMENT ECONOMICS OF EDUCATION EDUCATED WORKERS EDUCATION ECONOMICS EDUCATION FOR DEVELOPMENT EDUCATION INVESTMENT EDUCATION LEVEL EDUCATION POLICY EDUCATION PROGRAMS EDUCATIONAL ATTAINMENT EDUCATIONAL EXPANSION EDUCATIONAL OPPORTUNITIES EDUCATIONAL POLICIES EFFECTIVENESS OF EDUCATION EQUAL OPPORTUNITIES EXAMS FEMALE SCHOOLING FORMAL SCHOOLING FUNCTIONAL LITERACY GENDER EQUITY HIGH SCHOOL HIGHER EDUCATION HIGHER EDUCATION QUALIFICATIONS HIGHER LEVELS OF EDUCATION HOUSEHOLD SURVEYS HUMAN CAPITAL HUMAN DEVELOPMENT IMPACT OF EDUCATION INCOME INEQUALITY INSTRUMENT INTERNAL RATES OF RETURN INTERNATIONAL BANK INTERVENTIONS INVESTING INVESTMENTS IN EDUCATION LABOR MARKET LABOR MARKETS LACK OF COMPETITION LEARNING LEARNING OUTCOMES LEVEL OF EDUCATION LOW LEVELS OF EDUCATION MARKET RETURNS MARKET VALUES MICRO DATA MIDDLE SCHOOL MOBILITY OCCUPATIONS PAPERS POST-PRIMARY EDUCATION PRIMARY EDUCATION PRIMARY LEVEL PRIMARY LEVEL OF EDUCATION PRIMARY SCHOOL PRIMARY SCHOOL COMPLETION PRIMARY SCHOOLING PRIVATE SCHOOLS PRIVATE TUTORING PUBLIC INVESTMENT QUALITY OF EDUCATION QUALITY SCHOOLING RATE OF RETURN RATES OF RETURN RATES OF RETURN TO EDUCATION RETURNS RETURNS ON INVESTMENT IN EDUCATION RETURNS TO EDUCATION RURAL AREAS SCHOOL ENROLLMENTS SCHOOL GRADUATES SCHOOL LEVEL SCHOOL QUALITY SCHOOLING SCHOOLS SEASONAL WORK SECONDARY EDUCATION SECONDARY SCHOOL SECONDARY SCHOOLS SOCIAL BENEFITS STUDENT ASSESSMENTS TARGET SCHOOLS TEACHERS TERTIARY EDUCATION TEST SCORES TRADE UNIONS TUITION UNEQUAL ACCESS UNIVERSITY EDUCATION VOCATIONAL EDUCATION WORK EXPERIENCE
Online Access:	http://documents.worldbank.org/curated/en/2012/08/16603648/heterogeneous-returns-education-labor-market http://hdl.handle.net/10986/12006

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Summary:	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 nevertheless important to know the empirical returns to schooling. However, simply knowing average returns is not useful in a world of heterogeneity. This paper finds increasing returns going from the lower to the higher end of the earnings distribution, but with some important differences across regions. The returns increase by quantile for Latin America. The returns decrease by quantile for most East Asian countries, producing an overall equalizing effect. India and Pakistan demonstrate opposite results. In Ghana, the returns across the distribution are flat, while for Kenya and Tanzania education is dis-equalizing.

Heterogeneous Returns to Education in the Labor Market

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