Returns to education in South Africa: A retrospective sensitivity analysis of the available evidence

The purpose of this paper is to examine the empirical relevance of convexity in a way that permits comparison across the more commonly used nationally and racially representative datasets found in the literature. It finds that the concavity of the return structure is not supported by virtually all o...

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Bibliographic Details
Published in:The South African Journal of economics 2004-09, Vol.72 (4), p.834-860
Main Authors: Keswell, Malcolm, Poswell, Laura
Format: Article
Language:English
Subjects:
Armut
Bildung
Bildungsertrag
Education
Human capital
Prävention
Return on investment
Sozialpolitik
Studies
Südafrika (Staat)
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Summary:The purpose of this paper is to examine the empirical relevance of convexity in a way that permits comparison across the more commonly used nationally and racially representative datasets found in the literature. It finds that the concavity of the return structure is not supported by virtually all of the available evidence for South Africa.
ISSN:0038-2280
1813-6982
DOI:10.1111/j.1813-6982.2004.tb00136.x