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Jain, Balbir – Economics of Education Review, 1991
Psacharopoulos has found a declining rate-of-return to education pattern across levels of per capita income, using international data. A reexamination of Psacharopoulos's cross-country data refutes his declining rate-of-return hypothesis and points to diversity of cross-country experience as a possibly significant factor in interpreting the data.…
Descriptors: Data Interpretation, Developing Nations, Elementary Secondary Education, Foreign Countries