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• W2121927900 abstract "This paper develops dynamic and expected dynamic rates of return to high school and college education for males and females for 1967–95 that take the effects of annual changes in institutional costs and in real earnings within each age group in cross section age earnings profiles into account. As such they are more comparable to total returns on financial assets. Based on Current Population Survey data, and on adjustments for net “ability” bias from recent studies of identical twins, it is shown that the standard rates of return underestimate the returns to college in 1995 by 3 percentage points for male college graduates and 5 percentage points for females. Assuming that recent trends are based on underlying technical change, globalization, and other factors that are likely to persist, these expected dynamic rates averaged 13.3% in real terms or 11.7% if corrected for ability, family factors, and for measurement error." @default.
• W2121927900 created "2016-06-24" @default.
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• W2121927900 date "2001-04-01" @default.
• W2121927900 modified "2023-10-10" @default.
• W2121927900 title "Dynamic rates of return to education in the U.S." @default.
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• W2121927900 doi "https://doi.org/10.1016/s0272-7757(99)00067-9" @default.
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