The Private Internal Rates of Return to Tertiary Education: New Estimates for 21 OECD Countries
This study provides estimates of the private Internal Rates of Return (IRR) 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 a...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2007
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| Schriftenreihe: | OECD Economics Department Working Papers
no.591 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This study provides estimates of the private Internal Rates of Return (IRR) 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 education cost. 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 gender. Overall, a slightly increasing trend is observed over time. The study 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. |
| Beschreibung: | 1 Online-Ressource (63 p.) 21 x 29.7cm. |
| DOI: | 10.1787/031008650733 |
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| spelling | Boarini, Romina VerfasserIn aut The Private Internal Rates of Return to Tertiary Education New Estimates for 21 OECD Countries Romina, Boarini and Hubert, Strauss = Les taux de rendement privés de l'éducation supérieure : nouvelles estimations pour 21 pays de l'OCDE / Romina, Boarini et Hubert, Strauss Les taux de rendement privés de l'éducation supérieure Paris OECD Publishing 2007 1 Online-Ressource (63 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.591 This study provides estimates of the private Internal Rates of Return (IRR) 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 education cost. 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 gender. Overall, a slightly increasing trend is observed over time. The study 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 MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/031008650733 Volltext |
| spellingShingle | Boarini, Romina The Private Internal Rates of Return to Tertiary Education New Estimates for 21 OECD Countries Economics |
| title | The Private Internal Rates of Return to Tertiary Education New Estimates for 21 OECD Countries |
| title_alt | Les taux de rendement privés de l'éducation supérieure |
| title_auth | The Private Internal Rates of Return to Tertiary Education New Estimates for 21 OECD Countries |
| title_exact_search | The Private Internal Rates of Return to Tertiary Education New Estimates for 21 OECD Countries |
| title_full | The Private Internal Rates of Return to Tertiary Education New Estimates for 21 OECD Countries Romina, Boarini and Hubert, Strauss = Les taux de rendement privés de l'éducation supérieure : nouvelles estimations pour 21 pays de l'OCDE / Romina, Boarini et Hubert, Strauss |
| title_fullStr | The Private Internal Rates of Return to Tertiary Education New Estimates for 21 OECD Countries Romina, Boarini and Hubert, Strauss = Les taux de rendement privés de l'éducation supérieure : nouvelles estimations pour 21 pays de l'OCDE / Romina, Boarini et Hubert, Strauss |
| title_full_unstemmed | The Private Internal Rates of Return to Tertiary Education New Estimates for 21 OECD Countries Romina, Boarini and Hubert, Strauss = Les taux de rendement privés de l'éducation supérieure : nouvelles estimations pour 21 pays de l'OCDE / Romina, Boarini et Hubert, Strauss |
| title_short | The Private Internal Rates of Return to Tertiary Education |
| title_sort | private internal rates of return to tertiary education new estimates for 21 oecd countries |
| title_sub | New Estimates for 21 OECD Countries |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/031008650733 |
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