This paper directly tests for differences in returns to education between the employed and self-employed in Hong Kong. Using a step-function, we find significantly smaller returns for the self-employed, suggesting that in the highly competitive labor market of Hong Kong education plays a signaling role. This pattern persists for both genders, when…

Explores whether observed levels of educational attainment and expenditure per student are endogenously determined by schools' optimizing behavior in resource-allocation decisions, considering both supply- and demand-side factors. This process can generate patterns of expenditure per student in line with empirical findings. Difficulties with…

Uses household survey data for 18 Latin American countries to assess earnings differentials by education level and to chart 1980s changes. Introducing cost of education allows private and social rates of return to education investment to be estimated by education level, gender, employment sector, curriculum type, duration. In most countries,…

Uses a survey of (British) college graduates from two cohort years (1985 and 1990) to examine determinants of overeducation (mismatch for jobs requiring degrees). Cross-sectional measures of mismatch obscure significant changes for individuals over time. Job satisfaction and earnings are significantly adversely affected by mismatch. (23…

This paper studies the determinants of age-specific employment rates among Swedish males, focusing on the effect of education on employment. We use cohort specific data for the time period 1984-1996 covering male cohorts aged 21-45. It is found that aggregate age-group-specific employment rates increase with the proportion of the cohort with an…

Computes rates of return to education in Singapore for 1980-1994, using the cost-benefit approach. Rates of return varied with education level. Although remaining higher than return rates for secondary education, those for tertiary education were declining. Polytechnic education enjoys the highest social/private return rates. (Contains 40…

Examines education's influences on Canada's employment, wages, and industrial production, using 1990 cross-sectional, provincially grouped statistical data. Workers disaggregated by educational attainment are substitutes for one another. Capital and all labor groups disaggregated by education are complements. Earnings differentials between better-…