The Impact of Investment in Education on Wage Rates in the United States: 1870 and 1900
The impact of investment in education on wage rates is computed for 1870-1900 in urban and rural areas of the United States. The impact of the investment on wage rates is determined for rates of return to education of 10%, 15% and 20%. For a 15% rate of return, urban workers had an earnings ability about 9% greater than rural workers.
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