Economic Crises and Returns to University Education in Middle-Income Countries: Stylized Facts and COVID-19 Projections

Tazeen Fasih, Harry Patrinos and M. Najeeb Shafiq (mnshafiq@pitt.edu)

No 9472, Policy Research Working Paper Series from The World Bank

Abstract: This paper documents stylized facts on rates of returns to education during economic crises. It shows from three middle-income countries -- Indonesia, Pakistan, and South Africa -- that the rate of return to university education (versus secondary education) has increased during economic crises. Based on this stylized fact, the paper projects that the returns for university graduates may increase by at least one-quarter to one-third during the COVID-19 pandemic.

Keywords: Educational Sciences; Economic Growth; Industrial Economics; Economic Theory&Research; Labor Markets; Secondary Education (search for similar items in EconPapers)
Date: 2020-11-09
New Economics Papers: this item is included in nep-sea
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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:9472

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