Returns to Schooling: A Peculiar Deviation from Linearity

Jin Park
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Jin Park: Princeton University

No 714, Working Papers from Princeton University, Department of Economics, Industrial Relations Section.

Abstract: Results reported in this paper indicate that the returns-to-schooling profile exhibits a peculiar departure from log-linearity. In particular, for white males, the return to the 15th year of schooling (the third year of college) seems to be much smaller than that predicted by log-linearity. That is, people with 15 years of schooling do not appear to earn any more than those with 14 years of schooling. I discuss several theories and evidence that may explain the peculiarity. Amongst them, measurement error in schooling seems the most plausible.

Keywords: wage level and structure; wage differentials by skill; training; occupation (search for similar items in EconPapers)
JEL-codes: A31 (search for similar items in EconPapers)
Date: 1994-10
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Citations: View citations in EconPapers (22)

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