Heterogeneity, Comparative Advantage, and Return to Education: The Case of Taiwan

Autor/inn/en	Chuang, Yih-chyi; Lai, Wei-wen
Titel	Heterogeneity, Comparative Advantage, and Return to Education: The Case of Taiwan
Quelle	In: Economics of Education Review, 29 (2010) 5, S.804-812 (9 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0272-7757
DOI	10.1016/j.econedurev.2010.03.003
Schlagwörter	Foreign Countries; Human Capital; Outcomes of Education; College Graduates; Economics; Economic Factors; Surveys; Access to Education; Cost Effectiveness; Educational Trends; Trend Analysis; Educational Attainment; Graduation Rate; Taiwan + Suchen Sie Ihr Suchwort? Ausland; Humankapital; Lernleistung; Schulerfolg; Hochschulabsolvent; Hochschulabsolventin; Volkswirtschaftslehre; Ökonomischer Faktor; Survey; Umfrage; Befragung; Education; Access; Bildung; Zugang; Bildungszugang; Kosten-Nutzen-Analyse; Kosten-Nutzen-Denken; Bildungsentwicklung; Trendanalyse; Bildungsabschluss; Bildungsgut
Abstract	By considering heterogeneity in abilities and self-selection in educational choice, this paper adopts the heterogeneous human capital model to estimate rate of return to university education using data from the 1990 and 2000 Taiwan's Manpower Utilization Surveys. The Taiwan empirical study shows that significant heterogeneous return to education does exist, and that the educational choice was made according to the principle of comparative advantage. The estimated rates of return for attaining university were 19% and 15%, much higher than the average rate of return of 11.55 and 6.6%, for 1990 and 2000, respectively. The declining trend of return to university education may have been caused by the rapid expansion of the number of colleges and universities and the increasing supply of college graduates in the 1990s. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10