This study estimates the returns to boys' education for rural Bangladeshi households by accounting for some conventionally neglected items: direct costs of education, foregone child labor earnings, and option value. The estimated returns are 13.5% for primary education, 7.8% for junior-secondary...

How does the relationship between earnings and schooling change with the introduction of comprehensive economic reform? This paper sheds light on this question using a unique data set and procedure to reduce sample selection bias. Our evidence is from consistently coded, non-retrospective data...

We estimate the impact of schooling on monthly earnings from 1950 to 2000 in Romania. Nearly constant at about 3-4 percent during the socialist period, the coefficient on schooling in a conventional earnings regression rises steadily during the 1990s, reaching 8.5 percent by 2000. Our analysis...

How does the relationship between earnings and schooling change with the introduction of comprehensive economic reform? This Paper uses a unique dataset (covering about 3 million Hungarian wage earners, from 1986 to 1998) and a novel procedure to correct sample selection bias (based on DiNardo,...

In countries with high levels of inequality, progress in education has often been placed high in the list of policy proposals designed to change the unequal state of affairs. This study uses Brazilian annual data to chart the trends in wage inequality and a decomposition procedure to ascertain...

In an environment where children's time has an economic value and employment opportunities for educated workers are scarce, parental investments in their children's education may not be driven entirely by poverty and credit constraints. We offer evidence from India that higher returns to primary...

This research examines how the earnings structure in the Czech Republic and Slovakia changed after the collapse of those countries' Communist governments. Tests of four similar micro-data sets show that returns to education rose significantly with the transition to non-Communist governments. For...

The paper investigates the wage determination of Hungarian higher-education graduates with using two samples of Hungarian career-beginners, applying IV techniques and the multiple indicator solution so as to diminish potential estimation biases due to endogeneity of independent variables...

In May 1991, fifteen thousand Ethiopian Jews were brought to Israel in an overnight airlift and sorted in a haphazard and essentially random fashion to absorption centers across the country. This quasi-random assignment produced a natural experiment whereby the initial schooling environment of...