Economic Crises and Returns to University Education in Middle-Income Countries : Stylized Facts and COVID-19 Projections
This paper documents stylized facts on rates of returns to education during economic crises. It shows from three middle-income countries -- Indonesia, Pakistan, and South Africa -- that the rate of return to university education (versus secondary e...
| Main Authors: | , , |
|---|---|
| Language: | English |
| Published: |
World Bank, Washington, DC
2020
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/728541604932217423/Economic-Crises-and-Returns-to-University-Education-in-Middle-Income-Countries-Stylized-Facts-and-COVID-19-Projections http://hdl.handle.net/10986/34773 |
| Summary: | This paper documents stylized facts on
rates of returns to education during economic crises. It
shows from three middle-income countries -- Indonesia,
Pakistan, and South Africa -- that the rate of return to
university education (versus secondary education) has
increased during economic crises. Based on this stylized
fact, the paper projects that the returns for university
graduates may increase by at least one-quarter to one-third
during the COVID-19 pandemic. |
|---|