It is commonly believed that labour-market returns to education are highest for the primary level of education and lower for subsequent levels. Recent evidence reviewed in this article suggests that the pattern is changing. The causes of such changes, and their implications for both education and labour-market policy, are explored.
Development Policy Review (2010) 28 (6) 733–747 [DOI: 10.1111/j.1467-7679.2010.00507.x]
The changing patterns of wage returns to education and its implications