Three measures of returns to education: An illustration for the case of Spain

被引：19

作者：

Arrazola, Maria ^{[1
]}

de Hevia, Jose ^{[1
]}

机构：

[1] Univ Rey Juan Carlos, Dept Econ Anal, Madrid 28032, Spain

来源：

ECONOMICS OF EDUCATION REVIEW | 2008年 / 27卷 / 03期

关键词：

rate of return; human capital;

D O I：

10.1016/j.econedurev.2006.10.004

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this article, in a context of wage equations with sample selection, we propose a novel interpretation of the partial effects linked to education as additional measures of returns to education that complement the traditional one, which is directly obtained from the estimation of the wage offer equation. Using European Household Panel data for Spain these partial effects were calculated. The results show that there are incentives in Spain for investing in education not only because it means an increase in wages but also because it raises the probability of obtaining any wage at all. (C) 2007 Elsevier Ltd. All rights reserved.

引用

页码：266 / 275

页数：10

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