GRADUATE EDUCATION AND PRIVATE RATES OF RETURN: A REVIEW OF THEORY AND EMPIRICISM
作者:
J. M. CAMPBELL,
THOMAS D. CURTIS,
期刊:
Economic Inquiry
(WILEY Available online 1975)
卷期:
Volume 13,
issue 1
页码: 99-118
ISSN:0095-2583
年代: 1975
DOI:10.1111/j.1465-7295.1975.tb01106.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
In this paper twelve recent studies regarding private rates of return for graduate education are reviewed and evaluated. Possible sources of error due to data base, methodology and interpretation of results are examined and compared. After this has been done, the authors calculate returns to graduate education with spatial distribution problems and job security incorporated in the model. The article concludes that the typical rate of return method has been pushed about as far as it can go and now is the time for the economic profession to develop more meaningful techniques which will allow us to come to grips with the policy issues regarding the level of support for education.
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