The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Returns to investment in education: a further update
Abstract
Returns to investment in education based on human capital theory have been estimated since the late 1950s. In the 40‐plus year history of estimates of returns to investment in education, there have been several reviews of the empirical results in attempts to establish patterns. Many more estimates from a wide variety of countries, including over‐time evidence, and estimates based on new econometric techniques, reaffirm the importance of human capital theory. This paper reviews and presents the latest estimates and patterns as found in the literature at the turn of the century. However, because the availability of rate of return estimates has grown exponentially, we include a new section on the need for selectivity in comparing returns to investment in education and establishing related patterns.
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Cites
On the mechanics of economic development
Lucas, R. E. (1988) · Journal of Monetary Economics · doi:10.1016/0304-3932(88)90168-7 · Cited by 24,085
Duflo, E. (2001) · American Economic Review · doi:10.1257/aer.91.4.795 · Cited by 1,940
Carneiro, P. M., & Heckman, J. J. (2003) · doi:10.2139/ssrn.434544 · Cited by 1,325
Cited by
Developmental potential in the first 5 years for children in developing countries
Grantham-McGregor, S., Cheung, Y. B., Cueto, S., Glewwe, P., Richter, L., & Strupp, B. (2007) · The Lancet · doi:10.1016/s0140-6736(07)60032-4 · Cited by 3,630
The Relationship Between Education and Health: Reducing Disparities Through a Contextual Approach
Zajacova, A., & Lawrence, E. M. (2018) · Annual Review of Public Health · doi:10.1146/annurev-publhealth-031816-044628 · Cited by 1,205
Returns to investment in education: a decennial review of the global literature
Psacharopoulos, G., & Patrinos, H. A. (2018) · Education Economics · doi:10.1080/09645292.2018.1484426 · Cited by 869
Self-citationLabor market returns to an early childhood stimulation intervention in Jamaica
Gertler, P., Heckman, J., Pinto, R., Zanolini, A., Vermeersch, C., Walker, S., Chang, S. M., & Grantham-McGregor, S. (2014) · Science · doi:10.1126/science.1251178 · Cited by 776
Arctic Human Development Report
Larsen, J. N., & Fondahl, G. (2015) · doi:10.6027/tn2014-567 · Cited by 388
Metadata
- Authors
- Psacharopoulos, G., & Patrinos *, H. A.
- Venue
- Education Economics
- Publisher
- Informa UK Limited
- Published
- 2004-08-01
- Volume
- 12
- Issue
- 2
- Pages
- 111-134
- ISSN
- 0964-5292 (ISSN-L)
- 1469-5782
- OpenAlex
- W2146607332
- Cited by
- 2,050
- References
- 3
- FWCI
- 134.33
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
