This paper examines economic returns to schooling for China’s Korean minority in the urban labour market using ordinary least squares (OLS) and two-stage least squares. The OLS estimates of the returns to schooling are similar to findings from recent studies for the Chinese urban labour market. We use father’s education, mother’s education and spouse’s education to instrument for education. The...

Individual returns of schooling have been examined intensively but social returns of schooling have received less attention. If schooling yields not only individual returns but also social returns such as a reduction in crime then the rationale for policies which encourage individual investments in schooling is strengthened. In this paper, we explore the e ect of schooling on juvenile delinquen...

Using US survey data (NLSY) and Swedish register data the relationship between returns to schooling and ability is estimated separately for each country. A significant and positive relationship is found for Sweden, but not for US. The purpose of this study is to propose an explanation to why such differences might occur. While many studies have focused on whether credit constraints results in i...

If parents expect higher market returns to schooling or additional transfers from their children, they invest more in their children’s schooling. Results from models of schooling demand using data from the Malaysian Family Life Surveys of 1976 and 1989 suggest that market returns of mothers but not fathers positively affected schooling. The propensity for parents to spend time with their parent...

I illustrate the variety of approaches to development issues microeconomists employ, focusing on studies that illuminate and quantify the major mechanisms posited by growth theorists who highlight the role of education in fostering growth. I begin with a basic issue: what are the returns to schooling? I discuss microeconomic studies that estimate schooling returns using alternative approaches t...

This paper first outlines a framework within which to assess the contribution of health and schooling to increasing individual and aggregate income, as well as the possible feedback of increasing income on the demand for human resources. It then evaluates how African countries have fared from 1970 to 1985 in terms of survival and schooling, compared with other countries, to place in perspective...

This paper surveys the recent literature on the causal relationship between education and earnings. I focus on four areas of work: C theoretical and econometric advances in modeling the causal effect of education in the presence of heterogeneous returns to schooling. C recent studies that use institutional aspects of the education system to form instrumental variables estimates of the return to...