Relatively few articles have examined the rates of return to education in Pakistan in recent years. This paper uses data from the 2001-02 Pakistan Integrated Household Survey to compute returns from different levels of education. Returns to education are found to be higher for females than for...

In the last few years, significant amount of research has produced evidence in support of the signaling, credential or "sheepskin" effects in rates of return to schooling for studies of the developed as well as developing countries. An example of the former is the seminal empirical work by...