Article1998

The Economic Returns to Lifelong Learning in OECD Countries

125 citations0/0 files storedEducation Economics

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Labor market dynamics and wage inequality Education Systems and Policy Education and Labor Relations

Abstract

Recent literature on the returns to schooling and vocational and occupational training in OECD countries is examined, with somewhat greater emphasis being accorded the US and UK experience. We provide estimates of short-cut, Mincer-type and internal rates of return to schooling, as well as alternative estimates of the returns to formal and informal post-school training investments.

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References

1962Investment in Human Capital: A Theoretical Analysis 1974Schooling, Experience, and Earnings 1994Returns to investment in education: A global update 2003Education at a glance: OECD indicators, 2002 1991Does Compulsory School Attendance Affect Schooling and Earnings?1993How Computers Have Changed the Wage Structure: Evidence from Microdata, 1984-1989 1990Does School Quality Matter? Returns to Education and the Characteristics of Public Schools in the United States 1992Job Mobility and the Careers of Young Men

Cited by

2000The Non‐monetary Benefits of Education 2005Education and the Determinants of Job Satisfaction 2009Direct and indirect effects of education on job satisfaction: A structural equation model for the Spanish case 2007Research on the flow of international students to UK universities 1998Conceptual Framework for the Analysis of the Social Benefits of Lifelong Learnings 2012Earning While Learning: When and How Student Employment is Beneficial 2006Job satisfaction among young European higher education graduates

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