Returns to Schooling: A Peculiar Deviation from Linearity

Author
Keywords
Abstract

Results reported in this paper indicate that the returns-to-schooling
profile exhibits a peculiar departure from log-linearity. In
particular, for white males, the return to the 15th year of schooling
(the third year of college) seems to be much smaller than that predicted
by log-linearity. That is, people with 15 years of schooling do not
appear to earn any more than those with 14 years of schooling. I
discuss several theories and evidence that may explain the peculiarity.
Amongst them, measurement error in schooling seems the most plausible.

Year of Publication
1994
Number
335
Date Published
10/1994
Publication Language
eng
Citation Key
7909
URL
Working Papers