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The Returns to Education over Time and the Effect of COVID-19

Harry Patrinos and Angelica Rivera-Olvera
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Angelica Rivera-Olvera: World Bank

No 17313, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This paper examines the effects of the COVID-19 pandemic on the returns to education in the United States. Using data from the Current Population Survey 2011-2022, the analysis reveals that, after a period of decline, returns to education increased significantly because of COVID, particularly for men and those with university education. The returns to university for men increased by 1 percentage points. The results underscore the importance of continued investment in education to mitigate the adverse effects of future crises.

Keywords: pandemics; human capital; returns to education; labor markets; COVID-19 (search for similar items in EconPapers)
JEL-codes: E24 J11 J17 J31 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2024-09
New Economics Papers: this item is included in nep-lma
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