Chapter 3: ESTIMATING THE RETURNS TO SCHOOLING.
In: Longitudinal Surveys of Australian Youth: Assessing the Value of Additional Years of Schooling for the Non-Academically Inclined, 2005-06-01, Heft 38, S. 8-12
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Zugriff:
The article discusses the estimation of the returns to schooling of youth in Australia. Few relationships in economics have attracted a greater degree of empirical scrutiny than that between years of education and labour market outcomes, and more specifically between years of education and earnings. The dominant theoretical framework for assessing the returns to schooling and education is Human Capital Theory. The observed relationship between education and earnings thus appears simply because educational qualifications are used as a signaling device to allocate better workers to higher earning jobs. The use of earnings as the outcome variable presents an added complication in that observing earnings is conditional upon the individual being in work.
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Chapter 3: ESTIMATING THE RETURNS TO SCHOOLING.
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Zeitschrift: | Longitudinal Surveys of Australian Youth: Assessing the Value of Additional Years of Schooling for the Non-Academically Inclined, 2005-06-01, Heft 38, S. 8-12 |
Veröffentlichung: | 2005 |
Medientyp: | unknown |
ISBN: | 978-0-86431-452-9 (print) |
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