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

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Economics of Education Review Volume 27, Number 3, ISSN 0272-7757 Publisher: Elsevier Ltd

Abstract

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.

Citation

Arrazola, M. & de Hevia, J. (2008). Three measures of returns to education: An illustration for the case of Spain. Economics of Education Review, 27(3), 266-275. Elsevier Ltd. Retrieved August 6, 2024 from .

This record was imported from Economics of Education Review on March 1, 2019. Economics of Education Review is a publication of Elsevier.

Full text is availabe on Science Direct: http://dx.doi.org/10.1016/j.econedurev.2006.10.004

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References

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