Carnoy, Martin; Loyalka, Prashant; Androushchak, Gregory; … - National Research University Higher School of Economics - 2012
This paper focuses on the changing economic value of secondary and higher education in four potential world economic … countries, changes in rates of return to higher education have not conformed to the diminishing returns to capital theory, which … says that rates decline with level of education and that this pattern holds as countries develop economically and …