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- Title
THE RETURNS TO INVESTMENTS IN HIGHER EDUCATION: SOME NEW EVIDENCE.
- Authors
Raymond, Richard; Sesnowitz, Michael
- Abstract
Census data for 1970 axe used to generate age-income distributions by educational categories. After adjusting for such factors as growth and ability differentials, these distributions are used together with cost data to compute both private and social rates of return to investments in one and two and in three and four years of college. The results suggest that the rates of return have not decreased over the 1960s and that the return to those completing two-year programs may be much higher than previously thought.
- Subjects
RATE of return; HIGHER education; INCOME inequality; CAPITAL investments; DISTRIBUTION (Economic theory)
- Publication
Journal of Human Resources, 1975, Vol 10, Issue 2, p139
- ISSN
0022-166X
- Publication type
Article
- DOI
10.2307/144823