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 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.
Saved in:
| id |
dig-okr-1098612006 |
|---|---|
| record_format |
koha |
| spelling |
dig-okr-10986120062024-08-08T14:56:10Z Heterogeneous Returns to Education in the Labor Market Fasih, Tazeen Kingdon, Geeta Patrinos, Harry Anthony Sakellariou, Chris Soderbom, Mans 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 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. 2012-12-21T19:59:50Z 2012-12-21T19:59:50Z 2012-08 http://documents.worldbank.org/curated/en/2012/08/16603648/heterogeneous-returns-education-labor-market https://hdl.handle.net/10986/12006 English en_US Policy Research working paper;no. WPS 6170 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf text/plain World Bank, Washington, DC |
| institution |
Banco Mundial |
| collection |
DSpace |
| country |
Estados Unidos |
| countrycode |
US |
| component |
Bibliográfico |
| access |
En linea |
| databasecode |
dig-okr |
| tag |
biblioteca |
| region |
America del Norte |
| libraryname |
Biblioteca del Banco Mundial |
| language |
English en_US |
| topic |
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 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 |
| spellingShingle |
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 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 Fasih, Tazeen Kingdon, Geeta Patrinos, Harry Anthony Sakellariou, Chris Soderbom, Mans Heterogeneous Returns to Education in the Labor Market |
| description |
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. |
| topic_facet |
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 |
| author |
Fasih, Tazeen Kingdon, Geeta Patrinos, Harry Anthony Sakellariou, Chris Soderbom, Mans |
| author_facet |
Fasih, Tazeen Kingdon, Geeta Patrinos, Harry Anthony Sakellariou, Chris Soderbom, Mans |
| author_sort |
Fasih, Tazeen |
| title |
Heterogeneous Returns to Education in the Labor Market |
| title_short |
Heterogeneous Returns to Education in the Labor Market |
| title_full |
Heterogeneous Returns to Education in the Labor Market |
| title_fullStr |
Heterogeneous Returns to Education in the Labor Market |
| title_full_unstemmed |
Heterogeneous Returns to Education in the Labor Market |
| title_sort |
heterogeneous returns to education in the labor market |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012-08 |
| url |
http://documents.worldbank.org/curated/en/2012/08/16603648/heterogeneous-returns-education-labor-market https://hdl.handle.net/10986/12006 |
| work_keys_str_mv |
AT fasihtazeen heterogeneousreturnstoeducationinthelabormarket AT kingdongeeta heterogeneousreturnstoeducationinthelabormarket AT patrinosharryanthony heterogeneousreturnstoeducationinthelabormarket AT sakellariouchris heterogeneousreturnstoeducationinthelabormarket AT soderbommans heterogeneousreturnstoeducationinthelabormarket |
| _version_ |
1809105156901437440 |