Indirect estimation of the rate of return to a university degree
Leon Taylor (),
Aigul Izbanova and
MPRA Paper from University Library of Munich, Germany
When data are too scanty to permit direct estimates of the rate of return to a university degree, one may resort to an indirect estimate based on the enrollment rate. This rate rises when enrollees perceive an increase in the degree’s rate of return. Estimates for universities in Almaty suggest that the rate of return may differ substantially across universities in the short run.
Keywords: Rate of return; education; enrollment; omitted variables; measurement error (search for similar items in EconPapers)
JEL-codes: I22 (search for similar items in EconPapers)
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