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Returns to Human Capital in Europe. A Literature Review

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  • Asplund, Rita
  • Pereira, Pedro Telhado

Abstract

“Public Funding and Private Returns to Education - PURE” is a two-year EU-TSER financed research project that started on November 1, 1998. It involves as many as 15 European countries: Austria, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom. The overarching objective of PURE is to study the impact of different systems of public financial support on school attendance and of differences in educational differentiation and school admission rules on observed outcomes in the labour market, in particular, in terms of private returns to education and education-related inequality in earnings. More information on the project is available at PURE’s web-site www.etla.fi/PURE This volume is the first product of PURE. It provides a comprehensive review of the current state of knowledge in each partner country concerning rates of return to human capital in general and education in particular. This review of the existing empirical evidence on these topics thus draws a baseline for the results that will be produced within the framework of PURE.

Suggested Citation

  • Asplund, Rita & Pereira, Pedro Telhado (ed.), . "Returns to Human Capital in Europe. A Literature Review," ETLA B, The Research Institute of the Finnish Economy, number 156, December.
  • Handle: RePEc:rif:bbooks:156
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    References listed on IDEAS

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    1. William N. Evans & Edward Montgomery, 1994. "Education and Health: Where There's Smoke There's an Instrument," NBER Working Papers 4949, National Bureau of Economic Research, Inc.
    2. Colm Harmon; & Ian Walker, 1995. "Estimates of Economic Return to Schooling in the UK," Economics, Finance and Accounting Department Working Paper Series n540195, Department of Economics, Finance and Accounting, National University of Ireland - Maynooth.
    3. Harmon, Colm & Walker, Ian, 1995. "Estimates of the Economic Return to Schooling for the United Kingdom," American Economic Review, American Economic Association, pages 1278-1286.
    4. Brown, Sarah & Sessions, John G, 1998. "Education, Employment Status and Earnings: A Comparative Test of the Strong Screening Hypothesis," Scottish Journal of Political Economy, Scottish Economic Society, vol. 45(5), pages 586-591, November.
    5. Harmon, C.P. & Walker, I., 1997. "Selective Schooling, School Quality, and Labour Market Returns," Papers 97/22, College Dublin, Department of Political Economy-.
    6. Harmon, Colm & Walker, Ian, 1999. "The marginal and average returns to schooling in the UK," European Economic Review, Elsevier, vol. 43(4-6), pages 879-887, April.
    7. Miles, David, 1997. "A Household Level Study of the Determinants of Incomes and Consumption," Economic Journal, Royal Economic Society, vol. 107(440), pages 1-25, January.
    8. Harmon, Harmon & Ian Walker, 1995. "Estimates of the economic return to schooling for the UK," IFS Working Papers W95/12, Institute for Fiscal Studies.
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    Cited by:

    1. Pereira, Pedro Telhado & Martins, Pedro Silva, 2000. "Does Education Reduce Wage Inequality? Quantile Regressions Evidence from Fifteen European Countries," FEUNL Working Paper Series wp379, Universidade Nova de Lisboa, Faculdade de Economia.
    2. Martins, Pedro S. & Pereira, Pedro T., 2004. "Does education reduce wage inequality? Quantile regression evidence from 16 countries," Labour Economics, Elsevier, vol. 11(3), pages 355-371, June.

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