Boockmann, Bernhard; Steiner, Viktor - 2000
Using a Mincer-type wage function, we estimate cohort effects in the returns to education for West German workers born … sector, the returns to a further year of post-compulsory education fell from twelve per cent for the 1945-49 cohort to about … seven per cent for those born in the early 1970s. Cohort effects in men's returns to education are less obvious, but we do …