<abstract xmlns="http://www.w3.org/1999/xhtml"><p>We utilize two waves of the National Income Dynamics Study in South Africa to estimate the returns to education in 2010 and 2012. We find that during this time period the returns to education were approximately 18% per year of education and that the returns were higher for females relative to males and higher for those living in urban relative to rural areas. The policy implications include a suggestion to continue investment in educational infrastructure, especially in rural areas, so as to increase the returns to education in those areas.</p></abstract>

We utilize two waves of the National Income Dynamics Study in South Africa to estimate the returns to education in 2010 and 2012. We find that during this time period the returns to education were approximately 18% per year of education and that the returns were higher for females relative to males and higher for those living in urban relative to rural areas. The policy implications include a suggestion to continue investment in educational infrastructure, especially in rural areas, so as to increase the returns to education in those areas.

Returns to Education in South Africa: Evidence from the National Income Dynamics Study

Zagreb International Review of Economics and Business

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

We utilize two waves of the National Income Dynamics Study in South Africa to estimate the returns to education in 2010 and 2012. We find that during this time...

Returns to Education in South Africa: Evidence from the National Income Dynamics Study

Published Online: Jun 13, 2019

Page range: 1 - 12

DOI: https://doi.org/10.2478/zireb-2019-0009

Keywords
instrumental variables, Mincer equations, developing countries

© 2019 Craig Depken et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Returns to Education in South Africa: Evidence from the National Income Dynamics Study

Published Online: Jun 13, 2019

Page range: 1 - 12

DOI: https://doi.org/10.2478/zireb-2019-0009

Keywordsinstrumental variables, Mincer equations, developing countries

© 2019 Craig Depken et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
instrumental variables, Mincer equations, developing countries