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Returns to Schooling

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The New Palgrave Dictionary of Economics

Abstract

The returns to schooling represent the incremental increase in earnings associated with an increase in schooling. Under assumptions first spelled out by Jacob Mincer in 1958, each additional year of schooling will lead to a percentage gain in earnings that is equal to the interest rate. More recent research has treated the return to schooling as a causal parameter that can vary across people, and by the level of education.

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  1. http://link.springer.com/referencework/10.1057/978-1-349-95121-5

    David Card

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  1. David Card
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Card, D. (2018). Returns to Schooling. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2574

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