Tag Archives: return to education

Welcome to the Profit of Education website. Continuing the conversation begun in the book Profit of Education, we discuss the latest economic evidence on education reform.

Returns to schooling

Economists measure the economic value of an additional year of education by the “return to schooling.” We ask whether an extra year of school adds 1 percent to your salary or 5 percent or 10 percent or whatever. “Return to … Continue reading

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Do academic skills really pay off?

You’d be really surprised if the answer to the question posed in the title were “no,” wouldn’t you? Be assured, the answer is “yes.”¬†Rick Hanushek and co-authors have measured the returns to skills, doing two things different from what’s been … Continue reading

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  1. Chris says:

    “Interestingly, the returns are larger in the United States than in other countries; something I suspect is due to our unequal income distribution.”

    You have the causality backwards. Our unequal income distribution is due to our unequal distributions of talent, education and good work habits.

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Is education getting more important? Or less?

You probably suspect that education is even more important to earning a good living than it used to be. If so, you’re right.¬†Gonzalo Castex and Evgenia Dechter have estimated the returns to different levels of education both now and 20 … Continue reading

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