Dynamic rates of return to education in the U. S.

Autor/inn/en	Arias, Omar; MacMahon, Walter W.
Titel	Dynamic rates of return to education in the U. S.
Quelle	In: Economics of education review, 20 (2001) 2, S. 121-138Infoseite zur Zeitschrift PDF als Volltext Link als defekt meldenVerfügbarkeit
Beigaben	Literaturangaben 49; Tabellen 4; Grafiken 3
Sprache	englisch; englische Zusammenfassung
Dokumenttyp	online; gedruckt; Zeitschriftenaufsatz
ISSN	0272-7757
DOI	10.1016/S0272-7757(99)00067-9
Schlagwörter	Bildung; Längsschnittuntersuchung; Bildungsniveau; Ausgaben; Einkommen; Finanzierung; USA
Abstract	This paper develops dynamic and expected dynamic rates of return to high school and college education for males and females for 1967-95 that take the effects of annual changes in institutional costs and in real earnings within each age group in cross section age earnings profiles into account. As such they are more comparable to total returns on financial assets. Based on Current Population Survey data, and on adjustment for net "ability" bias from recent studies of identical twins, it is shown that the standard rates of return underestimate the returns to college in 1995 by 3 percentage points for male college graduates and 5 percentage points for females. Assuming that recent trends are based on underlying technical change, globalization, and other factors that are likeley to persist, these expected dynamic rates averaged 13.3% in real terms or 11.7% if corrected for ability, family factors, and for measurement error. (DIPF/orig.)
Erfasst von	DIPF \| Leibniz-Institut für Bildungsforschung und Bildungsinformation, Frankfurt am Main
Update	2002_(CD)