Returns to Investment in Education : A Further Update

Returns to investment in education based on human capital theory have been estimated since the late 1950s. In the 40-plus year history of estimates of returns to investment in education, there have been several reviews of the empirical results in a...

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Main Authors:	Psacharopoulos, George, Patrinos, Harry Anthony
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	BENCHMARK CAPITAL THEORY DEVELOPMENT ECONOMICS ECONOMIC RESEARCH ECONOMICS ECONOMICS OF EDUCATION EDUCATION EDUCATION FINANCE EDUCATIONAL DEVELOPMENT EDUCATIONAL PLANNING EMPLOYMENT EXTERNALITIES EXTERNALITY FAMILIES FARMERS GDP GDP PER CAPITA GENDER HOUSEHOLD SCHOOLING HUMAN CAPITAL INCOME INVESTMENT IN EDUCATION LANGUAGE LAWS LEARNING LEVEL OF EDUCATION LIFELONG LEARNING LITERATURE LOW INCOME MOBILITY PAPERS PER CAPITA INCOME POLICY DOCUMENTS POLITICAL ECONOMY POSITIVE EXTERNALITIES PRIMARY EDUCATION PRODUCTION FUNCTIONS PUBLIC SECTOR RATES OF RETURN SCHOOL QUALITY SCHOOLING SECONDARY EDUCATION VOCATIONAL EDUCATION WAGE DIFFERENTIALS WAGES WORKERS EDUCATIONAL INVESTMENT HUMAN CAPITAL EARNINGS FUNCTION WOMEN'S EDUCATION PRIMARY EDUCATION AGRICULTURE
Online Access:	http://documents.worldbank.org/curated/en/2002/09/2004282/returns-investment-education-further-update http://hdl.handle.net/10986/19231

id	okr-10986-19231
recordtype	oai_dc
spelling	okr-10986-192312021-04-23T14:03:42Z Returns to Investment in Education : A Further Update Psacharopoulos, George Patrinos, Harry Anthony BENCHMARK CAPITAL THEORY DEVELOPMENT ECONOMICS ECONOMIC RESEARCH ECONOMICS ECONOMICS OF EDUCATION EDUCATION EDUCATION FINANCE EDUCATIONAL DEVELOPMENT EDUCATIONAL PLANNING EMPLOYMENT EXTERNALITIES EXTERNALITY FAMILIES FARMERS GDP GDP PER CAPITA GENDER HOUSEHOLD SCHOOLING HUMAN CAPITAL INCOME INVESTMENT IN EDUCATION LANGUAGE LAWS LEARNING LEVEL OF EDUCATION LIFELONG LEARNING LITERATURE LOW INCOME MOBILITY PAPERS PER CAPITA INCOME POLICY DOCUMENTS POLITICAL ECONOMY POSITIVE EXTERNALITIES PRIMARY EDUCATION PRODUCTION FUNCTIONS PUBLIC SECTOR RATES OF RETURN SCHOOL QUALITY SCHOOLING SECONDARY EDUCATION VOCATIONAL EDUCATION WAGE DIFFERENTIALS WAGES WORKERS EDUCATIONAL INVESTMENT HUMAN CAPITAL HUMAN CAPITAL EARNINGS FUNCTION RATES OF RETURN WOMEN'S EDUCATION PRIMARY EDUCATION AGRICULTURE Returns to investment in education based on human capital theory have been estimated since the late 1950s. 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 techniques, reaffirm the importance of human capital theory. The suthors review and present the latest estimates and patterns as found in the literature at the turn of the century. However, because the availability of rate of return estimates has grown exponentially, the authors include a new section on the need for selectivity in comparing returns to investment in education and establishing related patterns. 2014-08-01T20:07:10Z 2014-08-01T20:07:10Z 2002-09 http://documents.worldbank.org/curated/en/2002/09/2004282/returns-investment-education-further-update http://hdl.handle.net/10986/19231 English en_US Policy Research Working Paper; No. 2881 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	BENCHMARK CAPITAL THEORY DEVELOPMENT ECONOMICS ECONOMIC RESEARCH ECONOMICS ECONOMICS OF EDUCATION EDUCATION EDUCATION FINANCE EDUCATIONAL DEVELOPMENT EDUCATIONAL PLANNING EMPLOYMENT EXTERNALITIES EXTERNALITY FAMILIES FARMERS GDP GDP PER CAPITA GENDER HOUSEHOLD SCHOOLING HUMAN CAPITAL INCOME INVESTMENT IN EDUCATION LANGUAGE LAWS LEARNING LEVEL OF EDUCATION LIFELONG LEARNING LITERATURE LOW INCOME MOBILITY PAPERS PER CAPITA INCOME POLICY DOCUMENTS POLITICAL ECONOMY POSITIVE EXTERNALITIES PRIMARY EDUCATION PRODUCTION FUNCTIONS PUBLIC SECTOR RATES OF RETURN SCHOOL QUALITY SCHOOLING SECONDARY EDUCATION VOCATIONAL EDUCATION WAGE DIFFERENTIALS WAGES WORKERS EDUCATIONAL INVESTMENT HUMAN CAPITAL HUMAN CAPITAL EARNINGS FUNCTION RATES OF RETURN WOMEN'S EDUCATION PRIMARY EDUCATION AGRICULTURE
spellingShingle	BENCHMARK CAPITAL THEORY DEVELOPMENT ECONOMICS ECONOMIC RESEARCH ECONOMICS ECONOMICS OF EDUCATION EDUCATION EDUCATION FINANCE EDUCATIONAL DEVELOPMENT EDUCATIONAL PLANNING EMPLOYMENT EXTERNALITIES EXTERNALITY FAMILIES FARMERS GDP GDP PER CAPITA GENDER HOUSEHOLD SCHOOLING HUMAN CAPITAL INCOME INVESTMENT IN EDUCATION LANGUAGE LAWS LEARNING LEVEL OF EDUCATION LIFELONG LEARNING LITERATURE LOW INCOME MOBILITY PAPERS PER CAPITA INCOME POLICY DOCUMENTS POLITICAL ECONOMY POSITIVE EXTERNALITIES PRIMARY EDUCATION PRODUCTION FUNCTIONS PUBLIC SECTOR RATES OF RETURN SCHOOL QUALITY SCHOOLING SECONDARY EDUCATION VOCATIONAL EDUCATION WAGE DIFFERENTIALS WAGES WORKERS EDUCATIONAL INVESTMENT HUMAN CAPITAL HUMAN CAPITAL EARNINGS FUNCTION RATES OF RETURN WOMEN'S EDUCATION PRIMARY EDUCATION AGRICULTURE Psacharopoulos, George Patrinos, Harry Anthony Returns to Investment in Education : A Further Update
relation	Policy Research Working Paper; No. 2881
description	Returns to investment in education based on human capital theory have been estimated since the late 1950s. 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 techniques, reaffirm the importance of human capital theory. The suthors review and present the latest estimates and patterns as found in the literature at the turn of the century. However, because the availability of rate of return estimates has grown exponentially, the authors include a new section on the need for selectivity in comparing returns to investment in education and establishing related patterns.
format	Publications & Research :: Policy Research Working Paper
author	Psacharopoulos, George Patrinos, Harry Anthony
author_facet	Psacharopoulos, George Patrinos, Harry Anthony
author_sort	Psacharopoulos, George
title	Returns to Investment in Education : A Further Update
title_short	Returns to Investment in Education : A Further Update
title_full	Returns to Investment in Education : A Further Update
title_fullStr	Returns to Investment in Education : A Further Update
title_full_unstemmed	Returns to Investment in Education : A Further Update
title_sort	returns to investment in education : a further update
publisher	World Bank, Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2002/09/2004282/returns-investment-education-further-update http://hdl.handle.net/10986/19231
_version_	1764439595674501120

Returns to Investment in Education : A Further Update

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