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

Author

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  • Patrinos, Harry Anthony
  • Rivera-Olvera, Angelica

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.

Suggested Citation

  • Patrinos, Harry Anthony & Rivera-Olvera, Angelica, 2024. "The Returns to Education over time and the Effect of COVID-19," GLO Discussion Paper Series 1496, Global Labor Organization (GLO).
    • Handle: RePEc:zbw:glodps:1496
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    More about this item

    Keywords

    Pandemics; Human Capital; Returns to Education; Labor Markets; COVID;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J17 - Labor and Demographic Economics - - Demographic Economics - - - Value of Life; Foregone Income
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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