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The Economic Returns to Lifelong Learning in OECD Countries

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  • Elchanan Cohn
  • John Addison

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.

Suggested Citation

  • Elchanan Cohn & John Addison, 1998. "The Economic Returns to Lifelong Learning in OECD Countries," Education Economics, Taylor & Francis Journals, vol. 6(3), pages 253-307.
    • Handle: RePEc:taf:edecon:v:6:y:1998:i:3:p:253-307
    DOI: 10.1080/09645299800000021
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    References listed on IDEAS

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    1. David Card & Richard B. Freeman, 1993. "Introduction to "Small Differences That Matter: Labor Markets and Income Maintenance in Canada and the United States"," NBER Chapters, in: Small Differences That Matter: Labor Markets and Income Maintenance in Canada and the United States, pages 1-20, National Bureau of Economic Research, Inc.
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    5. Card, David & Freeman, Richard B. (ed.), 1993. "Small Differences That Matter," National Bureau of Economic Research Books, University of Chicago Press, number 9780226092836, Febrero.
    6. Asplund, Rita, . "Essays on Human Capital and Earnings in Finland," ETLA A, The Research Institute of the Finnish Economy, number 18.
    7. Orley Ashenfelter, 1991. "How Convincing is The Evidence Linking Education and Income?," Working Papers 672, Princeton University, Department of Economics, Industrial Relations Section..
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