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Indirect estimation of the rate of return to a university degree

Author

Listed:
  • Taylor, Leon
  • Izbanova, Aigul
  • Kainazarova, Mansiya

Abstract

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.

Suggested Citation

  • Taylor, Leon & Izbanova, Aigul & Kainazarova, Mansiya, 2015. "Indirect estimation of the rate of return to a university degree," MPRA Paper 68017, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:68017
    as

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    File URL: https://mpra.ub.uni-muenchen.de/68017/1/MPRA_paper_68017.pdf
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    References listed on IDEAS

    as
    1. Jacob A. Mincer, 1974. "Introduction to "Schooling, Experience, and Earnings"," NBER Chapters, in: Schooling, Experience, and Earnings, pages 1-4, National Bureau of Economic Research, Inc.
    2. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1.
    3. Jacob A. Mincer, 1974. "Age and Experience Profiles of Earnings," NBER Chapters, in: Schooling, Experience, and Earnings, pages 64-82, National Bureau of Economic Research, Inc.
    4. Jacob A. Mincer, 1974. "Schooling and Earnings," NBER Chapters, in: Schooling, Experience, and Earnings, pages 41-63, National Bureau of Economic Research, Inc.
    5. Rasika Ranasinghe & Thomas Hertz, 2008. "Measurement Error Bias In Returns To Education: Evidence From A Developing Country - Sri Lanka," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 33(2), pages 107-124, December.
    6. Griliches, Zvi, 1977. "Estimating the Returns to Schooling: Some Econometric Problems," Econometrica, Econometric Society, vol. 45(1), pages 1-22, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Rate of return; education; enrollment; omitted variables; measurement error;
    All these keywords.

    JEL classification:

    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid

    NEP fields

    This paper has been announced in the following NEP Reports:

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