In this paper we focus on education as a private decision to invest in “human capital” and the
estimation of the rate of return to that private investment. While the literature is replete with …

Quantile regression estimates of returns to education are used to address the relation
between schooling and wage inequality. Empirical evidence for male workers from 16 …

This paper investigates the male wage inequality and its evolution over the 1994–2002
period in Turkey by estimating Mincerian wage equations using ordinary least squares and …

1. This paper has been prepared as part of the analytical phase of the OECD policy review
on vocational education and training (VET). Its purpose is to identify the different costs and …

This paper examines the factors determining variations in spatial rates of overeducation. A
quantile regression model has been implemented on a sample of region-yearly data drawn …

In this paper, we analyze investments in human capital in a way which is standard for
financial assets, but not (yet) for human capital assets. We study mean-variance plots of …

Human capital investments increase lifetime income, but may involve substantial risk. In this
paper we use a Finnish panel spanning 22 years to nonparametrically predict the mean, the …

This article examines how productivity effects of human capital and innovation vary at
different points of the conditional productivity distribution. Our analysis draws upon two large …

This paper is concerned with the returns to education. In particular we focus on education as
a private decision to invest in “human capital” and we explore the “internal” rate of return to …

We extend the standard human capital earnings function to include dispersion in the return
to schooling by treating the return as a random coefficient (RC). If the rapid expansion in …