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Measuring the Rate of Return to Interrupted Schooling

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  • Richard D. Marcus

Abstract

The most widely followed technique to estimate the rate of return to a year of schooling was provided by Mincer (1974) . This paper extends Mincer's semilog wage regression method to include those who interrupted their schooling with years of work. Schooling and the duration of the interruption interact to create nonlinearities in the rate of return to schooling. The proposed method is then applied to both Vietnam era G.I. students and civilian interrupters. It is found that interrupters earn substantially the same rate of return as the rate of return to uninterrupted schooling at the same level of schooling. G.I. students earned slightly higher rates of return to their interrupted schooling, but their accumulated work experience was not valued highly in the labor market.

Suggested Citation

  • Richard D. Marcus, 1984. "Measuring the Rate of Return to Interrupted Schooling," Journal of Educational and Behavioral Statistics, , vol. 9(4), pages 295-310, December.
  • Handle: RePEc:sae:jedbes:v:9:y:1984:i:4:p:295-310
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    Cited by:

    1. Light, Audrey, 1995. "Hazard model estimates of the decision to reenroll in school," Labour Economics, Elsevier, vol. 2(4), pages 381-406, December.
    2. repec:eee:ecoedu:v:58:y:2017:i:c:p:108-122 is not listed on IDEAS
    3. Ryan D. Edwards, 2010. "Health, Income, and the Timing of Education Among Military Retirees," NBER Working Papers 15778, National Bureau of Economic Research, Inc.

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    Keywords

    Semilog regression; interaction variables;

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