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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
    DOI: 10.3102/10769986009004295
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    Cited by:

    1. Palameta, Boris & Zhang, Xuelin, 2006. "Participation in Adult Schooling and Its Earnings Impact in Canada," Analytical Studies Branch Research Paper Series 2006276e, Statistics Canada, Analytical Studies Branch.
    2. Fortin, Bernard & Ragued, Safa, 2017. "Does temporary interruption in postsecondary education induce a wage penalty? Evidence from Canada," Economics of Education Review, Elsevier, vol. 58(C), pages 108-122.
    3. Jerry A. Jacobs & Scott Stoner-Eby, 1998. "Adult Enrollment and Educational Attainment," The ANNALS of the American Academy of Political and Social Science, , vol. 559(1), pages 91-108, September.
    4. Light, Audrey, 1995. "Hazard model estimates of the decision to reenroll in school," Labour Economics, Elsevier, vol. 2(4), pages 381-406, December.
    5. Bertil Holmlund & Qian Liu & Oskar Nordström Skans, 2008. "Mind the gap? Estimating the effects of postponing higher education," Oxford Economic Papers, Oxford University Press, vol. 60(4), pages 683-710, October.
    6. Ferrer, Ana M. & Menendez, Alicia, 2009. "The Returns to Flexible Postsecondary Education: The Effect of Delaying School," CLSSRN working papers clsrn_admin-2009-26, Vancouver School of Economics, revised 15 Mar 2009.
    7. Ryan D. Edwards, 2010. "Health, Income, and the Timing of Education Among Military Retirees," NBER Working Papers 15778, National Bureau of Economic Research, Inc.
    8. Ryan D. Edwards, 2016. "Health, SES, and the timing of education among military retirees," Education Economics, Taylor & Francis Journals, vol. 24(4), pages 393-410, August.
    9. Light, Audrey, 1998. "Estimating Returns to Schooling: When Does the Career Begin?," Economics of Education Review, Elsevier, vol. 17(1), pages 31-45, February.

    More about this item

    Keywords

    Semilog regression; interaction variables;

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