Premium on Fields of Study : The Returns to Higher Education in Singapore
In summary, the returns to investment in education in Singapore tend to increase with years of schooling, with the returns to tertiary education generally higher than those for non-tertiary education. This is similar to the findings for other Asian newly industrialised economies like South Korea and Hong Kong. As the structure of Singapores economy shifts towards higher value-added and knowledge activities, there will continue to be an increase in the demand for skilled and educated human capital. We can thus expect the demand for workers with tertiary education to increase, which implies that the rate of returns to tertiary education is likely to remain high and above those for secondary and below education. Education will hence continue to be an attractive investment for individuals.
|Date of creation:||Jan 2007|
|Date of revision:|
|Contact details of provider:|| Postal: JG Crawford Building #13, Asia Pacific School of Economics and Government, Australian National University, ACT 0200|
Web page: http://www.eaber.org
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Mun Heng Toh & Chai Shing Wong, 1999. "Rates of Return to Education in Singapore," Education Economics, Taylor & Francis Journals, vol. 7(3), pages 235-252.
- Chris Sakellariou, 2003. "Rates of Return to Investments in Formal and Technical/Vocational Education in Singapore," Education Economics, Taylor & Francis Journals, vol. 11(1), pages 73-87.
- Tansel, Aysit, 1994.
"Wage employment, earnings and returns to schooling for men and women in Turkey,"
Economics of Education Review,
Elsevier, vol. 13(4), pages 305-320.
- Tansel, A., 1992. "Wage Employment, Earnings and Returns to Schooling for Men and Women in Turkey," Papers 661, Yale - Economic Growth Center.
- Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
- Ryoo, Jai-Kyung & Nam, Young-Sook & Carnoy, Martin, 1993. "Changing rates of return to education over time: A Korean case study," Economics of Education Review, Elsevier, vol. 12(1), pages 71-80, March.
- Pedro S. Martins & Jim Jin, 2008.
"Firm-Level Social Returns to Education,"
9, Queen Mary, University of London, School of Business and Management, Centre for Globalisation Research.
- Pedro S. Martins, 2004. "Firm-Level Social Returns to Education," CRIEFF Discussion Papers 0404, Centre for Research into Industry, Enterprise, Finance and the Firm.
- Martins, Pedro S., 2004. "Firm-Level Social Returns to Education," IZA Discussion Papers 1382, Institute for the Study of Labor (IZA).
- Geeta Gandhi Kingdon, 1998.
"Does the labour market explain lower female schooling in India?,"
Journal of Development Studies,
Taylor & Francis Journals, vol. 35(1), pages 39-65.
- Geeta Gandhi Kingdon, 1997. "Does the labour market explain lower female schooling in India?," LSE Research Online Documents on Economics 6715, London School of Economics and Political Science, LSE Library.
- Geeta Gandhi Kingdon, 1997. "Does the Labour Market Explain Lower Female Schooling in India?," STICERD - Development Economics Papers - From 2008 this series has been superseded by Economic Organisation and Public Policy Discussion Papers 01, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Hossain, Shaikh I., 1997. "Making education in China equitable and efficient," Policy Research Working Paper Series 1814, The World Bank.
- Elchanan Cohn & John Addison, 1998. "The Economic Returns to Lifelong Learning in OECD Countries," Education Economics, Taylor & Francis Journals, vol. 6(3), pages 253-307.
- Concetta, MENDOLICCHIO, 2005. "Gender and private returns to education : a cross-European analysis," Discussion Papers (ECON - Département des Sciences Economiques) 2005056, Université catholique de Louvain, Département des Sciences Economiques.
- Bartel, Ann P & Lichtenberg, Frank R, 1987. "The Comparative Advantage of Educated Workers in Implementing New Technology," The Review of Economics and Statistics, MIT Press, vol. 69(1), pages 1-11, February.
- Carmen García Prieto & Angel Martín Román & Carlos Pérez Domínguez, .
"Actual and potential returns to schooling in Spain,"
Studies on the Spanish Economy
- Carmen Garcia Prieto & Angel Martin Roman & Carlos Perez Dominguez, 2005. "Actual and Potential Returns to Schooling in Spain," Education Economics, Taylor & Francis Journals, vol. 13(4), pages 387-407.
When requesting a correction, please mention this item's handle: RePEc:eab:microe:21921. 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: (Shiro Armstrong)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.