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Abstract

We present the first estimates of the returns to years of schooling before 1940 using a large sample individuals (from the 1915 Iowa State Census). The returns to a year of high school or college were substantial in 1915—about 11 percent for all males and in excess of 12 percent for young males. Education enabled individuals to enter lucrative white-collar jobs, but sizable educational wage differentials also existed within occupational groups. Returns were substantial even for those in farming. We find, using U.S. census data, that returns to education decreased between 1915 and 1940 and again during the 1940s.

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File URL: http://dash.harvard.edu/bitstream/handle/1/2766688/katz_edu.pdf
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Bibliographic Info

Paper provided by Harvard University Department of Economics in its series Scholarly Articles with number 2766688.

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Date of creation: 2000
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Publication status: Published in Journal of Economic History
Handle: RePEc:hrv:faseco:2766688

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Postal: Littauer Center, Cambridge, MA 02138
Phone: 617-495-2144
Fax: 617-495-7730
Web page: http://www.economics.harvard.edu/
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Cited by:

1. J. Glaser, Darrell & S. Rahman, Ahmed, 2011. "Human Capital and Technological Transition: Insights from the U.S. Navy," The Journal of Economic History, Cambridge University Press, vol. 71(03), pages 704-729, September.
2. Claudia Goldin & Lawrence F. Katz, 2003. "The "Virtues" of the Past: Education in the First Hundred Years of the New Republic," NBER Working Papers 9958, National Bureau of Economic Research, Inc.
3. Schultz, Paul, 2009. "Population and Health Policies," Working Papers 66, Yale University, Department of Economics.
   
   • T. Paul Schultz, 2009. "Population and Health Policies," Working Papers 974, Economic Growth Center, Yale University.
   • Schultz, T. Paul, 2009. "Population and Health Policies," IZA Discussion Papers 4340, Institute for the Study of Labor (IZA).
4. Jens Ludwig & Douglas L. Miller, 2005. "Does Head Start Improve Children's Life Chances? Evidence from a Regression Discontinuity Design," NBER Working Papers 11702, National Bureau of Economic Research, Inc.
   
   • Jens Ludwig & Douglas L Miller, 2007. "Does Head Start Improve Children's Life Chances? Evidence from a Regression Discontinuity Design," The Quarterly Journal of Economics, MIT Press, vol. 122(1), pages 159-208, 02.
   • Ludwig, Jens & Miller, Douglas L., 2006. "Does Head Start Improve Children's Life Chances? Evidence from a Regression Discontinuity Design," IZA Discussion Papers 2111, Institute for the Study of Labor (IZA).
   • Ludwig, Jens & Miller, Douglas L., 2005. "Does Head Start Improve Children's Life Chances? Evidence from a Regression Discontinuity Design," Working Papers 05-34, University of California at Davis, Department of Economics.
5. Timothy W. Guinnane, 2010. "The Historical Fertility Transition: A Guide for Economists," Working Papers 990, Economic Growth Center, Yale University.
   
   • Timothy W. Guinnane, 2011. "The Historical Fertility Transition: A Guide for Economists," Journal of Economic Literature, American Economic Association, vol. 49(3), pages 589-614, September.
   • Guinnane, Timothy W., 2010. "The Historical Fertility Transition: A Guide for Economists," Working Papers 84, Yale University, Department of Economics.
6. Howard Bodenhorn, 2006. "Urban Poverty, School Attendance, and Adolescent Labor Force Attachment: Some Historical Evidence," NBER Working Papers 12043, National Bureau of Economic Research, Inc.
7. Bas Straathof, 2006. "Schooling inequality and the rise of research," CPB Discussion Paper 74, CPB Netherlands Bureau for Economic Policy Analysis.
   
   • Bas Straathof, 2005. "Schooling inequality and the rise of research," DEGIT Conference Papers c010_012, DEGIT, Dynamics, Economic Growth, and International Trade.
8. Kim, Se-Um, 2008. "The Technological Origins of the High School Movement," MPRA Paper 12087, University Library of Munich, Germany.
9. Sukkoo Kim, 2007. "Immigration, Industrial Revolution and Urban Growth in the United States, 1820-1920: Factor Endowments, Technology and Geography," NBER Working Papers 12900, National Bureau of Economic Research, Inc.
10. Ahmed S. Rahman, 2012. "Human Capital and Technological Transition – Insights from the U.S.Navy," Departmental Working Papers 34, United States Naval Academy Department of Economics.
11. Darrell J. Glaser & Ahmed S. Rahman, 2010. "The Value of Human Capital during the Second Industrial Revolution—Evidence from the U.S. Navy," Departmental Working Papers 28, United States Naval Academy Department of Economics.
12. Doug Miller & Jens Ludwig, 2005. "Does Head Start Improve Children’s Life Chances? Evidence from a Regression Discontinuity Design," Working Papers 534, University of California, Davis, Department of Economics.
13. Claudia Goldin, 2002. "The Rising (and then Declining) Significance of Gender," NBER Working Papers 8915, National Bureau of Economic Research, Inc.
14. Sun Go & Peter H. Lindert, 2007. "The Curious Dawn of American Public Schools," NBER Working Papers 13335, National Bureau of Economic Research, Inc.
15. Miles S. Kimball & Colter M. Mitchell & Arland D. Thornton & Linda C. Young-Demarco, 2009. "Empirics on the Origins of Preferences: The Case of College Major and Religiosity," NBER Working Papers 15182, National Bureau of Economic Research, Inc.
16. Maoz, Yishay D. & Moav, Omer, 2004. "Social Stratification, Capital Skill Complementarity, And The Nonmonotonic Evolution Of The Education Premium," Macroeconomic Dynamics, Cambridge University Press, vol. 8(03), pages 295-309, June.
17. Claudia Goldin & Lawrence F. Katz, 2007. "Long-Run Changes in the U.S. Wage Structure: Narrowing, Widening, Polarizing," NBER Working Papers 13568, National Bureau of Economic Research, Inc.

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