DIFFERENCES IN RETURNS TO EDUCATION - AN ANALYSIS BY RACE

Although a number of studies have examined the returns to education, none have attempted to estimate and contrast the manner in which different levels of education affect earnings for blacks and for whites over any length of time. The returns to three levels of education are estimated for black and white individuals separately over a twenty year period, 1967-86, and trends are examined. Some comparisons between the South and the rest of the country are made.