Is the Rate of Return on Primary Schooling Really 26 Per Cent?
It is argued that the conventional wisdom which accords priority to investment at the primary level of education in developing countries may be based on methodologically flawed estimates. The problem arises on account of the "filtering down" of educated entrants to the labour market into lesser jobs as education is expanded. The (conventionally measured) average rate of return is compared with estimates of the marginal rate of return to the entering cohort. An illustration for Kenya shows that the rate of return on primary schooling is highly sensitive to this distinction, whereas that on secondary schooling is not: the hierarchy of returns is reversed. Contrary to the conventional wisdom, the jury is still out. Copyright 1992 by Oxford University Press.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 1 (1992)
Issue (Month): 2 (August)
|Contact details of provider:|| Postal: |
Phone: +44-(0)1865 271084
Fax: 01865 267 985
Web page: http://www.jae.oupjournals.org/
More information through EDIRC
|Order Information:||Web: http://www.oup.co.uk/journals|
When requesting a correction, please mention this item's handle: RePEc:oup:jafrec:v:1:y:1992:i:2:p:192-205. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.