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Nonlinearity in the Return to Education


Philip A. Trostel


University of Maine - Economics

Universidad del CEMA


Universidad del CEMA - Department of Economics

Journal of Applied Economics, Vol. 8, No. 1, pp. 191-202, May 2005

Abstract:     
This study estimates marginal rates of return to investment in schooling in 12 countries. Significant systematic nonlinearity in the marginal rate of return is found. In particular, the marginal rate of return is increasing significantly at low levels of education, and decreasing significantly at high levels of education. This may help explain why estimates of the return to schooling are often considerably higher when instrumenting for education.

Keywords: Return to education, nonlinearity, instrumental variables

JEL Classification: I20, J24

Accepted Paper Series


Date posted: August 31, 2005  

Suggested Citation

Trostel, Philip A. and CEMA, Universidad del , Nonlinearity in the Return to Education. Journal of Applied Economics, Vol. 8, No. 1, pp. 191-202, May 2005. Available at SSRN: http://ssrn.com/abstract=790509

Contact Information

Philip A. Trostel (Contact Author)
University of Maine - Economics ( email )
Orono, ME 04469
United States
Universidad del CEMA
Universidad del CEMA - Department of Economics ( email )
Buenos Aires
Argentina
5411 6314-3000 (Phone)
5411 4314-1654 (Fax)
HOME PAGE: http://www.cema.edu.ar/publicaciones/jae.html
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