A Review of Estimates of the Schooling/Earnings Relationship, with Tests for Publication Bias

Author
Keywords
Abstract

In this paper we provide an analytical review of previous estimates of the rate of return on
schooling investments and measure how these estimates vary by country, over time, and by
estimation method. We find evidence of reporting (or “file drawer”) bias in the estimates and,
after due account is taken of this bias, we find that differences due to estimation method are much
smaller than is sometimes reported, although some are statistically significant. We also find that
estimated returns are higher in the U.S. and they have increased in the last two decades.

Year of Publication
1999
Number
425
Date Published
10/1999
Publication Language
eng
Citation Key
Labour Economics, 6 (1999) 453-470
URL
Working Papers