Harmon, Colm; Oosterbeek, Hessel; Walker, Ian - In: Journal of Economic Surveys 17 (2003) 2, pp. 115-156
In this paper we focus on education as a private decision to invest in "human capital" and the estimation of the rate of return to that private investment. While the literature is replete with studies that estimate the rate of return using regression methods where the estimated return is...
