Absolute risk aversion and the returns to education

Individual absolute risk aversion is measured in a sample of 1583 male house-hold heads, using the data drawn from the 1995 wave of the Survey on the Income and Wealth of Italian households. This measure, conditional on household financial wealth, is used as an instrument for attained education in a standard log earnings equation. In line with most of the literature, I find that the gap between the IV and the OLS estimates of the returns to education is large.     

Disability and returns to education in a developing country

In this paper, we estimate wage returns to investment in education for persons with disabilities in Nepal, using information on the timing of being impaired during school-age years as identifying instrumental variables for years of schooling. We employ unique data collected from persons with hearing, physical, and visual impairments as well as nationally representative survey data from the Nepal Living Standard Survey 2003/2004 (NLSS II). After controlling for endogeneity bias arising from schooling decisions as well as sample selection bias due to endogenous labor participation, the estimated rate of returns to education is very high among persons with disabilities, ranging from 19.3 to 25.6%. The coexistence of these high returns to education and limited years of schooling suggest that supply side constraints in education to accommodate persons with disabilities and/or there are credit market imperfections. Policies to eliminate these barriers will mitigate poverty among persons with disabilities, the largest minority group in the world.     

The labor market returns to a for-profit college education

A lengthy literature estimating the returns to education has largely ignored the for-profit sector. In this paper, we estimate the earnings gains to for-profit college attendance using restricted-access data from the 1997 National Longitudinal Survey of Youth (NLSY97). Using an individual fixed effects estimation strategy that allows us to control for time-invariant unobservable characteristics of students, we find that students who enroll in associate's degree programs in for-profit colleges experience earnings gains of about 10% relative to high school graduates with no college degree, conditional on employment. Since associate's degree students attend for an average of 2.6 years, this translates to a 4% return per year of education in a for-profit college, slightly lower than estimates of returns for other sectors found in the literature.     

The private returns to education in rural Bangladesh

This study estimates the private average rate of return (ARR) and internal rate of return (IRR) to education in rural Bangladesh. Using data from the Bangladesh Integrated Household Survey (BIHS) 2015, we estimate average returns using the Mincerian method and IRR using the full method, accounting for both the direct and indirect costs of schooling. To account for endogeneity and selection bias, we use parental education as an instrumental variable and apply the Heckman correction method. We find an average return of 18 %, an IRR of 12 % for tertiary education, 4.86 % for secondary, and 5.24 % for primary. In the agricultural sector specifically, however, returns to tertiary education are more in line with primary and secondary education.     

Ova and out: Using twins to estimate the educational returns to attending a selective college

Research has shown that attending a relatively selective four-year college over a less selective alternative is positively related to bachelor's degree completion. This paper revisits that question with a novel dataset of over 11,000 sets of twins in the United States and information on colleges to which they apply, enroll, and potentially graduate. I show that a student's probability of bachelor's degree completion within four years increases by 5 percentage points by choosing an institution with a median SAT score 100 points higher than the alternative. Moreover, the estimated magnitude of impact is insensitive to several methodologies, including OLS, twin fixed effects, and controlling for the application portfolio. This suggests that in certain contexts, sources of bias perceived as barriers to obtaining causal estimates of the returns to college selectivity, such as unobserved family characteristics and student aspiration, may be of little concern.     

College course scarcity and time to degree

College students are taking longer to earn baccalaureate degrees now than ever before, but little is known about institutional factors that may contribute to this trend. In this paper we investigate an important institutional constraint—course scarcity—that we hypothesize may be associated with increased time to degree. We employ a unique administrative dataset from a large, moderately selective, public institution and use an instrumental variables approach, identifying off the random registration times assigned to students. Results suggest that course scarcity does not delay students’ graduation. We explore alternative explanations for our findings and discuss a variety of other factors correlated with time to baccalaureate completion.     

Gender gap in returns to schooling in Palestine

This study provides estimates of the private returns to schooling in Palestine utilizing eight quarterly labor force surveys for 1999 and 2001. This period was chosen to investigate the differential impact of the Israeli closure policy on Palestinian male and female workers. Although gross enrollment ratios for males and females reveal little to no difference in the primary, middle and tertiary levels of schooling, returns to schooling are significantly different. On average, females earned 14–15% less than males in 1999. The gender gap is narrowed during 2001 due to rising male unemployment in the Palestinian areas. Performing the regression for males and females separately, it is found that returns to schooling are larger for women (at least at the margin). The gap in returns to schooling was reduced in 2001; however, female returns to schooling as estimated by OLS suffer from selectivity bias which worsened during 2001. The work in Israel premium increased for women and decreased for men. Finally, Palestinian public sector employment parallels periods of restricted access to Israeli labor markets; its average wages are lower and years of schooling are higher relative to private sector employment.     

Access to college and heterogeneous returns to education in China

We apply a semi-parametric latent variable model to estimate selection and sorting effects on the evolution of private returns to schooling for college graduates during China's reform between 1988 and 2002. We find that there were substantial sorting gains under the traditional system, but such gains have dissipated to negligible levels in the most recent data. We take this as evidence of growing influence of private financial constraints on decisions to attend college as tuition costs have risen and the relative importance of government subsidies has declined. The main policy implication of our results is that labor and education reform without concomitant capital market reform and government support for the financially disadvantaged exacerbates increases in inequality inherent in elimination of the traditional “wage-grid”.     

远程高等教育收益的部门和地区差异分析

本研究采用一项全国范围的入户调查数据,使用经济学中经典的明瑟收入方程实证探究学习者通过远程高等教育获得的收益在部门和地区层面的差异。实证研究结果显示:非公共部门的远程高等教育收益显著高于公共部门的远程高等教育收益,这说明远程高等教育具有明显的人力资本特征。在地区层面,西部地区的教育收益最高,这进一步支持了前期的相关研究,即远程高等教育对经济弱势群体的收入促进作用更大。     

Economic analysis of World Bank education projects and project outcomes

This paper tests the hypothesis that World Bank education projects have a higher likelihood of being successful if at the time of appraisal, they underwent good quality economic analysis. Analysis shows a strong relationship between the quality of cost–benefit analysis and cost–effectiveness analysis and the quality of project outcomes. Economic analysis of projects is a tool for weeding out potentially poor investments and selecting potentially worthwhile ones. Good practice education projects require good economic analysis—analysis of demand, of the counterfactual private sector supply, of the project’s fiscal impact, of lending’s fungibility—and strong sector work before project design.     

Compulsory schooling,education, depression and memory: New evidence from SHARELIFE

In this paper we provide new evidence on the causal effect of education on adult depression and cognition. We use SHARE data and schooling reforms in several European countries as instruments for educational attainment. We find that an extra year of education has a large and significant protective effect on mental health; the probability of suffering depression decreases by 6.5 percentage points. We find a large and significant protective effect on cognition as measured by word recall. We also explore whether heterogeneity and selection play a part in the large discrepancy between OLS and IV (LATE) estimates of the effect of education on depression and cognition. Using the data available in SHARELIFE on early life conditions of the respondents such as the individuals’ socioeconomic status, health, and performance at school, we identify subgroups particularly affected by the reforms and with high marginal health returns to education.     

突出高职特点提高数学教学质量的几点尝试

简要介绍了高职数学教学过程中的几点作法:在数学教学中突出情感教育;从实际出发,切实打好数学基础;理论联系实际,学以致用;采取多种考试模式;培养学生的自学能力.     

Motives,attitudes and approaches to studying in distance education

This study investigated the relationships between demographic characteristics, motives and attitudes to studying, self-reported study behaviour and measures of outcome. Students taking courses by distance learning received a postal survey containing a short form of the Motivated Strategies and Learning Questionnaire (MSLQ) and the Revised Approaches to Studying Inventory (RASI). Path analysis was used to assess the causal relationships among 395 students’ age, gender and prior qualifications, their scores on the MSLQ and the RASI and their marks. Evidence was obtained for the causal efficacy of most of the paths among the main components. In particular, the causal link between variations in students’ motives and attitudes and variations in their study behaviour is bidirectional.     

Higher levels of education for higher private returns: New evidence from Malaysia

This study provides new and more accurate information about private rates of return to education (RORE) in Malaysia. Most of the prior studies on RORE have not addressed selectivity bias, and those that have are based on an older data set. The findings suggest that for both males and females, the average private returns to education are highest at the secondary (16.5 percent and 27.2 percent, respectively) and university (15.5 percent and 16.1 percent, respectively) education levels. Thus, it is important to pursue education until the secondary level and further to the university level to capture higher returns to education.     

欧洲人力资本收益率:文献综述

本文对欧洲十五个国家近期人力资本收益率的研究方法和成果进行了评述,包括数据采编、模型构建、变量定义与控制、估计工具选择以及对人力资本收益率的定性评价等,希望能对我国人力资本收益率研究有重要的借鉴和参考价值。     

Heterogeneous paths through college: Detailed patterns and relationships with graduation and earnings

A considerable fraction of college students and bachelor's degree recipients enroll in multiple postsecondary institutions. Despite this fact, there is scant research that examines the nature of the paths – both the number and types of institutions – that students take to obtain a bachelor's degree or through the higher education system more generally. We also know little about how enrollment in multiple institutions of varying quality relates to postgraduate life outcomes. We use a unique panel data set from Texas that allows us to examine in detail the paths that students take toward a bachelor's degree and estimate how enrollment in multiple institutions is related to both degree completion and subsequent earnings. We show that the paths to a bachelor's degree are diverse and that earnings and BA receipt vary systematically with these paths. Our results call attention to the importance of developing a more complete understanding of why students transfer and what causal role transferring has on the returns to postsecondary educational investment.     

Education and poverty reduction in Tanzania

This paper reviews research on the returns to education in Tanzania, both financial and non-financial, and considers whether these returns translate into poverty reduction. It looks at reasons why achievement of high primary enrolment rates in the past did not lead to the realisation of the associated developmental outcomes, considering factors both within and beyond the education system. Achieving mass access at the expense of quality appears to have had a negative impact on equality. The poverty reduction potential of current programmes to develop the primary and secondary education systems are discussed in the light of past experience.     

终身教育与个性化教育

个性化教育成为当今世界各国教育改革的一个重要趋势 ,而终身教育更能促进教育的个性化发展 ,探讨个性化教育思潮、终身教育与个性化教育的关系 ,以及世界各国对此作出的实践应答 ,有助于我国教育改革的发展。     

The Buddhist approach to education: an alternative approach for sustainable education

This article is based on research undertaken as part of a study of sustainable school design in Thailand. Since school design solutions are inevitably affected by educational theory and practice, in the search for appropriate building solutions, it has been necessary to review Thai educational theories and practices that relate to the sustainability approach. Recently, there have been several attempts at the international level to respond to sustainability concepts and practices in both educational and architectural fields. These have included changes to the physical building through the introduction of techniques like passive solar cooling, and curriculum changes such as the use of native plants in the school grounds for science teaching. In Thailand, sustainable practices in both fields appear to be in their infancy. This article aims to explore one current Thai educational practice that presents the possibility of responding to sustainability concepts via culturally sensitive education. The practice is based on the three Buddhist principles of learning: sila sikkha (moral conduct); samadhi sikka (mind training); and panna sikkha (wisdom development). In this holistic approach, the principles are practised simultaneously and can be applied to many dimensions, including personal, family, school and communal levels, to cultivate responsive sustainable living practices for the learners. Because the majority of Thai people are Buddhists, this approach may be an alternative way of developing sustainable education in Thailand. It also presents a way to apply local knowledge to promote sustainable ways of living in particular contexts. This may be the first step in the development of sustainable school design in Thailand and could become an integrated part of the country's sustainable systems.     

Pathway from vocational education and associate degree to higher education: Chinese international students in Australia

Understanding factors influencing international students' decision to engage in international education is essential for education providers to better cater for students' educational expectations and enhance their attractiveness to international students. Whilst there has been extensive research on the reasons why international students undertake cross-border higher education, international students' motivations for enrolling in vocational education and associate degree programmes are still under-researched. Drawing on semi-structured interviews with 30 international students from China, this research found that pathway to higher education appears to be the most important factor motivating international students to undertake vocational education and associate degree programmes. In addition, prospect of immigration, English language proficiency, previous academic performance, agent's recommendations and relatives' and friends' advice are amongst the important factors that students take into account in their decision to choose vocational education and associate degree programmes. This research also examines why Chinese international students have chosen vocational education programmes in a dual-sector university over vocational education colleges. It found that the flexibility to articulate to higher education, international reputation of the programme, practical training and favourable location are key issues that these students draw on when making their decision to study in a dual-sector university.