 Private and Social Rates of Return to Secondary and Higher Education in New Zealand: Evidence from the 1991 CensusSholeh Maani () Australian Economic Review, 1996, vol. 29, issue 1, 82-100 Abstract: Abstract With significant increases in the demand for higher education in New Zealand since the 1980s, the question of the size of the returns to investments in education has been of significant interest. Despite this interest, studies have been few in number and based on aggregated measures from the 1960s to 1981. This study is the first to utilise micro‐level data from the 1991 New Zealand Census. The study employs and compares the conventional methods of regression earnings functions, and internal rate of return analyses of private and social rates of return. The results indicate that returns to education are economically significant, at rates that are higher for females, even when adjusting for hours of work and female labour force participation differences. The returns are subject to diminishing returns, and social rates of return are 1 per cent to 3 per cent lower than private returns—a result that is consistent with those of OECD countries, but among the smaller differences by international standards. Date: 1996 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:ausecr:v:29:y:1996:i:1:p:82-100 Ordering information: This journal article can be ordered from Access Statistics for this article Australian Economic Review is currently edited by John de New, Viet Hoang Nguyen and Susan Méndez More articles in Australian Economic Review from The University of Melbourne, Melbourne Institute of Applied Economic and Social Research Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.