Earnings and education in Latin America: assessing priorities for schooling investments

George Psacharopoulos and Ying Chu Ng

No 1056, Policy Research Working Paper Series from The World Bank

Abstract: The authors use household survey data for 18 Latin American countries to assess earnings differentials by level of education, and to assess how these differentials changed in the 1980s. Introducing the cost of education allows them to estimate private and social rates of return on investments on education across several dimensions: by gender, by level of education, by sector of employment, by nature of the secondary school curriculum, and over time. The results show that, in most countries, the earnings premium received by graduates of higher education decreased in the 1980s. Investment in primary education shows the highest rate of return among all levels considered - and is still the number one investment priority in most countries.

Keywords: Curriculum&Instruction; Teaching and Learning; Gender and Education; Primary Education; Health Monitoring&Evaluation (search for similar items in EconPapers)
Date: 1992-12-31
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Citations: View citations in EconPapers (17)

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