The Changing Pattern of Returns to Education : What Impact Will This Have on Inequality?

The pattern of economic rates of return to investments in education can help us to understand the benefits of schooling. It was common knowledge that the returns to education were highest for the primary level of education and lower for subsequent...

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Main Author:	Patrinos, Harry Anthony
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	RETURNS TO EDUCATION LABOR MARKET POVERTY ALLEVIATION POVERTY REDUCTION INEQUALITY SKILLED LABOR TECHNOLOGICAL CHANGE EDUCATION QUALITY
Online Access:	http://documents.worldbank.org/curated/en/505531559051854654/The-Changing-Pattern-of-Returns-to-Education-What-Impact-Will-This-Have-on-Inequality http://hdl.handle.net/10986/31748

id	okr-10986-31748
recordtype	oai_dc
spelling	okr-10986-317482022-08-04T12:19:13Z The Changing Pattern of Returns to Education : What Impact Will This Have on Inequality? Patrinos, Harry Anthony RETURNS TO EDUCATION LABOR MARKET POVERTY ALLEVIATION POVERTY REDUCTION INEQUALITY SKILLED LABOR TECHNOLOGICAL CHANGE EDUCATION QUALITY The pattern of economic rates of return to investments in education can help us to understand the benefits of schooling. It was common knowledge that the returns to education were highest for the primary level of education and lower for subsequent levels. Recent evidence suggests that the pattern has changed. Since the 1980s, the returns to schooling overall have increased. The returns to higher education have increased the most. The fact that the more educated have improved their position, despite an increase in their numbers, must mean that the demand for more educated workers has increased more than supply over time, causing an increase in the overall returns to schooling. Possible reasons include technological change favoring higher-order skills, increased coverage at lower levels of schooling, and the quality of schooling. 2019-05-30T20:06:12Z 2019-05-30T20:06:12Z 2019-05 Working Paper http://documents.worldbank.org/curated/en/505531559051854654/The-Changing-Pattern-of-Returns-to-Education-What-Impact-Will-This-Have-on-Inequality http://hdl.handle.net/10986/31748 English Policy Research Working Paper;No. 8866 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	RETURNS TO EDUCATION LABOR MARKET POVERTY ALLEVIATION POVERTY REDUCTION INEQUALITY SKILLED LABOR TECHNOLOGICAL CHANGE EDUCATION QUALITY
spellingShingle	RETURNS TO EDUCATION LABOR MARKET POVERTY ALLEVIATION POVERTY REDUCTION INEQUALITY SKILLED LABOR TECHNOLOGICAL CHANGE EDUCATION QUALITY Patrinos, Harry Anthony The Changing Pattern of Returns to Education : What Impact Will This Have on Inequality?
relation	Policy Research Working Paper;No. 8866
description	The pattern of economic rates of return to investments in education can help us to understand the benefits of schooling. It was common knowledge that the returns to education were highest for the primary level of education and lower for subsequent levels. Recent evidence suggests that the pattern has changed. Since the 1980s, the returns to schooling overall have increased. The returns to higher education have increased the most. The fact that the more educated have improved their position, despite an increase in their numbers, must mean that the demand for more educated workers has increased more than supply over time, causing an increase in the overall returns to schooling. Possible reasons include technological change favoring higher-order skills, increased coverage at lower levels of schooling, and the quality of schooling.
format	Working Paper
author	Patrinos, Harry Anthony
author_facet	Patrinos, Harry Anthony
author_sort	Patrinos, Harry Anthony
title	The Changing Pattern of Returns to Education : What Impact Will This Have on Inequality?
title_short	The Changing Pattern of Returns to Education : What Impact Will This Have on Inequality?
title_full	The Changing Pattern of Returns to Education : What Impact Will This Have on Inequality?
title_fullStr	The Changing Pattern of Returns to Education : What Impact Will This Have on Inequality?
title_full_unstemmed	The Changing Pattern of Returns to Education : What Impact Will This Have on Inequality?
title_sort	changing pattern of returns to education : what impact will this have on inequality?
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/505531559051854654/The-Changing-Pattern-of-Returns-to-Education-What-Impact-Will-This-Have-on-Inequality http://hdl.handle.net/10986/31748
_version_	1764474999553392640

The Changing Pattern of Returns to Education : What Impact Will This Have on Inequality?

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