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Title: Returns to Schooling: A Peculiar Deviation from Linearity
Authors: Park, Jin Huem
Keywords: wage level and structure
wage differentials by skill
Issue Date: 1-Oct-1994
Series/Report no.: Working Papers (Princeton University. Industrial Relations Section) ; 335
Abstract: Results reported in this paper indicate that the returns-to-schooling profile exhibits a peculiar departure from log-linearity. In particular, for white males, the return to the 15th year of schooling (the third year of college) seems to be much smaller than that predicted by log-linearity. That is, people with 15 years of schooling do not appear to earn any more than those with 14 years of schooling. I discuss several theories and evidence that may explain the peculiarity. Amongst them, measurement error in schooling seems the most plausible.
Appears in Collections:IRS Working Papers

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