Estimating the Returns to Education : Accounting for Heterogeneity in Ability

Typically estimates of the benefits of education investments show average private rates of return for the average individual. The average may not be useful for policy. An examination of the distribution of the returns across individuals is needed. The few studies that have examined these patterns fo...

Full description

Bibliographic Details
Main Authors:	Patrinos, Harry Anthony, Ridao-Cano, Cris, Sakellariou, Chris
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2012
Subjects:	ACCESS TO QUALITY EDUCATION ADULTS BENEFITS OF EDUCATION DIPLOMAS EDUCATED WORKERS EDUCATION INVESTMENT EDUCATION INVESTMENTS EDUCATION LEVEL EDUCATIONAL ATTAINMENT EDUCATIONAL OPPORTUNITIES EFFECTS OF EDUCATION EQUALITY FAMILY BACKGROUND GENERAL EDUCATION HIGH SCHOOL HIGHER EDUCATION HIGHER LEVELS OF EDUCATION IDEAS INTERVENTIONS INVESTMENT IN EDUCATION INVESTMENTS IN EDUCATION LATIN AMERICAN LEVEL OF EDUCATION MOBILITY NUTRITION PAPERS PARENTS PRIMARY EDUCATION PRIMARY LEVEL PRIMARY LOWER SECONDARY PRIMARY SCHOOLING QUALITY SCHOOLING RATES OF RETURN RATES OF RETURN TO EDUCATION RETURNS TO EDUCATION SCHOOL GRADUATES SCHOOL QUALITY SCHOOLING SECONDARY EDUCATION SOCIETY SOUTH AMERICAN TERTIARY EDUCATION TEST SCORES UNIVERSITY EDUCATION
Online Access:	http://documents.worldbank.org/curated/en/2006/10/7132981/estimating-returns-education-accounting-heterogeneity-ability http://hdl.handle.net/10986/9026

id	okr-10986-9026
recordtype	oai_dc
spelling	okr-10986-90262021-04-23T14:02:41Z Estimating the Returns to Education : Accounting for Heterogeneity in Ability Patrinos, Harry Anthony Ridao-Cano, Cris Sakellariou, Chris ACCESS TO QUALITY EDUCATION ADULTS BENEFITS OF EDUCATION DIPLOMAS EDUCATED WORKERS EDUCATION INVESTMENT EDUCATION INVESTMENTS EDUCATION LEVEL EDUCATIONAL ATTAINMENT EDUCATIONAL OPPORTUNITIES EFFECTS OF EDUCATION EQUALITY FAMILY BACKGROUND GENERAL EDUCATION HIGH SCHOOL HIGHER EDUCATION HIGHER LEVELS OF EDUCATION IDEAS INTERVENTIONS INVESTMENT IN EDUCATION INVESTMENTS IN EDUCATION LATIN AMERICAN LEVEL OF EDUCATION MOBILITY NUTRITION PAPERS PARENTS PRIMARY EDUCATION PRIMARY LEVEL PRIMARY LOWER SECONDARY PRIMARY SCHOOLING QUALITY SCHOOLING RATES OF RETURN RATES OF RETURN TO EDUCATION RETURNS TO EDUCATION SCHOOL GRADUATES SCHOOL QUALITY SCHOOLING SECONDARY EDUCATION SOCIETY SOUTH AMERICAN TERTIARY EDUCATION TEST SCORES UNIVERSITY EDUCATION Typically estimates of the benefits of education investments show average private rates of return for the average individual. The average may not be useful for policy. An examination of the distribution of the returns across individuals is needed. The few studies that have examined these patterns focus on high-income countries, showing investments to be more profitable at the top of the income distribution. The implication is that investments may increase inequality. Extending the analysis to 16 East Asian and Latin American countries the authors observe mixed evidence in middle-income countries and decreasing returns in low-income countries. Such differences between countries could be due to more job mobility in industrial countries, scarcity of skills, or differential exposure to market forces. 2012-06-26T14:49:01Z 2012-06-26T14:49:01Z 2006-10 http://documents.worldbank.org/curated/en/2006/10/7132981/estimating-returns-education-accounting-heterogeneity-ability http://hdl.handle.net/10986/9026 English en_US Policy Research Working Paper; No. 4040 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Latin America & Caribbean
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCESS TO QUALITY EDUCATION ADULTS BENEFITS OF EDUCATION DIPLOMAS EDUCATED WORKERS EDUCATION INVESTMENT EDUCATION INVESTMENTS EDUCATION LEVEL EDUCATIONAL ATTAINMENT EDUCATIONAL OPPORTUNITIES EFFECTS OF EDUCATION EQUALITY FAMILY BACKGROUND GENERAL EDUCATION HIGH SCHOOL HIGHER EDUCATION HIGHER LEVELS OF EDUCATION IDEAS INTERVENTIONS INVESTMENT IN EDUCATION INVESTMENTS IN EDUCATION LATIN AMERICAN LEVEL OF EDUCATION MOBILITY NUTRITION PAPERS PARENTS PRIMARY EDUCATION PRIMARY LEVEL PRIMARY LOWER SECONDARY PRIMARY SCHOOLING QUALITY SCHOOLING RATES OF RETURN RATES OF RETURN TO EDUCATION RETURNS TO EDUCATION SCHOOL GRADUATES SCHOOL QUALITY SCHOOLING SECONDARY EDUCATION SOCIETY SOUTH AMERICAN TERTIARY EDUCATION TEST SCORES UNIVERSITY EDUCATION
spellingShingle	ACCESS TO QUALITY EDUCATION ADULTS BENEFITS OF EDUCATION DIPLOMAS EDUCATED WORKERS EDUCATION INVESTMENT EDUCATION INVESTMENTS EDUCATION LEVEL EDUCATIONAL ATTAINMENT EDUCATIONAL OPPORTUNITIES EFFECTS OF EDUCATION EQUALITY FAMILY BACKGROUND GENERAL EDUCATION HIGH SCHOOL HIGHER EDUCATION HIGHER LEVELS OF EDUCATION IDEAS INTERVENTIONS INVESTMENT IN EDUCATION INVESTMENTS IN EDUCATION LATIN AMERICAN LEVEL OF EDUCATION MOBILITY NUTRITION PAPERS PARENTS PRIMARY EDUCATION PRIMARY LEVEL PRIMARY LOWER SECONDARY PRIMARY SCHOOLING QUALITY SCHOOLING RATES OF RETURN RATES OF RETURN TO EDUCATION RETURNS TO EDUCATION SCHOOL GRADUATES SCHOOL QUALITY SCHOOLING SECONDARY EDUCATION SOCIETY SOUTH AMERICAN TERTIARY EDUCATION TEST SCORES UNIVERSITY EDUCATION Patrinos, Harry Anthony Ridao-Cano, Cris Sakellariou, Chris Estimating the Returns to Education : Accounting for Heterogeneity in Ability
geographic_facet	Latin America & Caribbean
relation	Policy Research Working Paper; No. 4040
description	Typically estimates of the benefits of education investments show average private rates of return for the average individual. The average may not be useful for policy. An examination of the distribution of the returns across individuals is needed. The few studies that have examined these patterns focus on high-income countries, showing investments to be more profitable at the top of the income distribution. The implication is that investments may increase inequality. Extending the analysis to 16 East Asian and Latin American countries the authors observe mixed evidence in middle-income countries and decreasing returns in low-income countries. Such differences between countries could be due to more job mobility in industrial countries, scarcity of skills, or differential exposure to market forces.
format	Publications & Research :: Policy Research Working Paper
author	Patrinos, Harry Anthony Ridao-Cano, Cris Sakellariou, Chris
author_facet	Patrinos, Harry Anthony Ridao-Cano, Cris Sakellariou, Chris
author_sort	Patrinos, Harry Anthony
title	Estimating the Returns to Education : Accounting for Heterogeneity in Ability
title_short	Estimating the Returns to Education : Accounting for Heterogeneity in Ability
title_full	Estimating the Returns to Education : Accounting for Heterogeneity in Ability
title_fullStr	Estimating the Returns to Education : Accounting for Heterogeneity in Ability
title_full_unstemmed	Estimating the Returns to Education : Accounting for Heterogeneity in Ability
title_sort	estimating the returns to education : accounting for heterogeneity in ability
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2006/10/7132981/estimating-returns-education-accounting-heterogeneity-ability http://hdl.handle.net/10986/9026
_version_	1764406603485806592

Estimating the Returns to Education : Accounting for Heterogeneity in Ability

Similar Items