Language:
English
Pages:
Online-Ressource (1 online resource (38 p.))
Edition:
Online-Ausg. World Bank E-Library Archive
Parallel Title:
Patrinos, Harry Anthony Estimating The Returns To Education
Keywords:
Access and Equity in Basic Education
;
Accounting
;
Bank
;
Debt Markets
;
Earnings
;
Education
;
Education
;
Education for All
;
Effective Schools and Teachers
;
Finance and Financial Sector Development
;
Financial Literacy
;
Gender
;
Gender and Education
;
Income
;
Information
;
Interest
;
Investment
;
Investments
;
Labor Market
;
Labor Markets
;
Labor Policies
;
Low-Income
;
Low-Income
;
Lower Income
;
Primary Education
;
Primary Education
;
Social Protections and Labor
;
Access and Equity in Basic Education
;
Accounting
;
Bank
;
Debt Markets
;
Earnings
;
Education
;
Education
;
Education for All
;
Effective Schools and Teachers
;
Finance and Financial Sector Development
;
Financial Literacy
;
Gender
;
Gender and Education
;
Income
;
Information
;
Interest
;
Investment
;
Investments
;
Labor Market
;
Labor Markets
;
Labor Policies
;
Low-Income
;
Low-Income
;
Lower Income
;
Primary Education
;
Primary Education
;
Social Protections and Labor
;
Access and Equity in Basic Education
;
Accounting
;
Bank
;
Debt Markets
;
Earnings
;
Education
;
Education
;
Education for All
;
Effective Schools and Teachers
;
Finance and Financial Sector Development
;
Financial Literacy
;
Gender
;
Gender and Education
;
Income
;
Information
;
Interest
;
Investment
;
Investments
;
Labor Market
;
Labor Markets
;
Labor Policies
;
Low-Income
;
Low-Income
;
Lower Income
;
Primary Education
;
Primary Education
;
Social Protections and Labor
Abstract:
Typically estimates of the benefits of education investments show average private rates of return for the average individual. The average may not be useful for policy. An examination of the distribution of the returns across individuals is needed. The few studies that have examined these patterns focus on high-income countries, showing investments to be more profitable at the top of the income distribution. The implication is that investments may increase inequality. Extending the analysis to 16 East Asian and Latin American countries the authors observe mixed evidence in middle-income countries and decreasing returns in low-income countries. Such differences between countries could be due to more job mobility in industrial countries, scarcity of skills, or differential exposure to market forces
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