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ERIC Number: ED065546
Record Type: RIE
Publication Date: 1971-Dec
Pages: 27
Abstractor: N/A
Reference Count: 0
The Returns to Education for Women.
Benham, Lee
In the first part of this paper, estimates of present values or rates of return to education for women on lifetime earnings have been calculated. Subsequently, returns to education for women which derive from their husband's income and their family income are examined. Finally, some implications of the results are discussed. In the first section, data are from the 1/1000 sample of the 1969 Census. For women working full-time, the internal rate of return varies from 6% to 11% for whites, and from 6% to more than 50% for Negroes. Two measures of family income are calculated. The first is the earnings of the woman plus the total income of her husband weighted by the probability that the husband is present at each age. The second measure differs from the first in that only half of the weighted husband's income and family income appear less susceptible to the criticisms raised earlier about estimates f returns through women's earnings in terms of magnitude and stability. Implications of these results include: (1) College education for women was an attractive alternative in 1960; (2) The returns to graduate training as measured through women's earnings appear much higher than the returns through family income; and (3) A family income maximization model may be useful in further examination of the demand for education by women. (Author/CK)
Publication Type: N/A
Education Level: N/A
Audience: N/A
Language: N/A
Sponsor: N/A
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