What is the private return to tertiary education?: New evidence from 21 OECD countries
This article provides estimates of the private Internal Rates of Return to tertiary education for women and men in 21 OECD countries, for the years between 1991 and 2005. IRR are computed by estimating labour market premia on cross-country comparable individual-level data. Labour market premia are t...
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| Format: | Electronic Book Chapter |
| Language: | English |
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Paris
OECD Publishing
2010
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| Subjects: | |
| Online Access: | DE-384 DE-473 DE-824 DE-29 DE-739 DE-355 DE-20 DE-1028 DE-1049 DE-521 DE-861 DE-898 DE-92 DE-91 DE-573 DE-19 Volltext |
| Summary: | This article provides estimates of the private Internal Rates of Return to tertiary education for women and men in 21 OECD countries, for the years between 1991 and 2005. IRR are computed by estimating labour market premia on cross-country comparable individual-level data. Labour market premia are then adjusted for fiscal factors and costs of education. We find that returns to an additional year of tertiary education are on average above 8% and vary in a range from 4 to 15% in the countries and in the period under study. IRR are relatively homogenous across genders. Overall, a slightly increasing trend is observed over time. The article discusses various policy levers for shaping individual incentives to invest in tertiary education and provides some illustrative quantification of the impact of policy changes on those incentives |
| Physical Description: | 1 Online-Ressource (25 Seiten) |
| DOI: | 10.1787/eco_studies-2010-5kmh5x51fv5f |
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| spelling | Boarini, Romina Verfasser aut What is the private return to tertiary education? New evidence from 21 OECD countries Romina Boarini and Hubert Strauss Paris OECD Publishing 2010 1 Online-Ressource (25 Seiten) txt rdacontent c rdamedia cr rdacarrier This article provides estimates of the private Internal Rates of Return to tertiary education for women and men in 21 OECD countries, for the years between 1991 and 2005. IRR are computed by estimating labour market premia on cross-country comparable individual-level data. Labour market premia are then adjusted for fiscal factors and costs of education. We find that returns to an additional year of tertiary education are on average above 8% and vary in a range from 4 to 15% in the countries and in the period under study. IRR are relatively homogenous across genders. Overall, a slightly increasing trend is observed over time. The article discusses various policy levers for shaping individual incentives to invest in tertiary education and provides some illustrative quantification of the impact of policy changes on those incentives Economics Strauss, Hubert ctb https://doi.org/10.1787/eco_studies-2010-5kmh5x51fv5f Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Boarini, Romina What is the private return to tertiary education? New evidence from 21 OECD countries Economics |
| title | What is the private return to tertiary education? New evidence from 21 OECD countries |
| title_auth | What is the private return to tertiary education? New evidence from 21 OECD countries |
| title_exact_search | What is the private return to tertiary education? New evidence from 21 OECD countries |
| title_exact_search_txtP | What is the private return to tertiary education? New evidence from 21 OECD countries |
| title_full | What is the private return to tertiary education? New evidence from 21 OECD countries Romina Boarini and Hubert Strauss |
| title_fullStr | What is the private return to tertiary education? New evidence from 21 OECD countries Romina Boarini and Hubert Strauss |
| title_full_unstemmed | What is the private return to tertiary education? New evidence from 21 OECD countries Romina Boarini and Hubert Strauss |
| title_short | What is the private return to tertiary education? |
| title_sort | what is the private return to tertiary education new evidence from 21 oecd countries |
| title_sub | New evidence from 21 OECD countries |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/eco_studies-2010-5kmh5x51fv5f |
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