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Estimating Returns to Higher Education: A Survey of Models, Methods and Empirical Evidence

  • Abdoulaye Diagne
  • Bity Diene
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    This paper presents a detailed review of the main microeconomic and macroeconomic principles used to measure returns to education. We are also interested in major problems we encountered in empirically applying these models. The change in returns to higher learning in Sub-Saharan education is compared with returns to other levels of education. A meta-analysis method is applied to the results of a series of works on returns to higher education in Sub-Saharan countries. Copyright 2011 , Oxford University Press.

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    File URL: http://hdl.handle.net/10.1093/jae/ejr021
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    Article provided by Centre for the Study of African Economies (CSAE) in its journal Journal of African Economies.

    Volume (Year): 20 (2011)
    Issue (Month): suppl_3 (August)
    Pages: -iii132

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    Handle: RePEc:oup:jafrec:v:20:y:2011:i:suppl_3:p:-iii132
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    1. Glewwe, Paul, 1996. "The relevance of standard estimates of rates of return to schooling for education policy: A critical assessment," Journal of Development Economics, Elsevier, vol. 51(2), pages 267-290, December.
    2. Colm Harmon & Hessel Oosterbeek & Ian Walker, 2000. "The returns to education : a review of evidence, issues and deficiencies in the literature," Open Access publications 10197/670, School of Economics, University College Dublin.
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    8. Gauri Kartini Shastry & David N. Weil, 2003. "How Much of Cross-Country Income Variation is Explained By Health?," Journal of the European Economic Association, MIT Press, vol. 1(2-3), pages 387-396, 04/05.
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    18. David N. Weil & Oded Galor, 2000. "Population, Technology, and Growth: From Malthusian Stagnation to the Demographic Transition and Beyond," American Economic Review, American Economic Association, vol. 90(4), pages 806-828, September.
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    25. repec:fda:fdaddt:9723 is not listed on IDEAS
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