ERIC Number: ED059676
Record Type: RIE
Publication Date: 1971
Reference Count: 0
Rates of Return on Investments in Education 1890-1968.
Witmer, David R.
This paper presents data concerning representative starting wages and salaries for persons with different levels of formal education from 1890 through 1968. The hypothesis that originally held true at the turn of the 20th century was the more formal education a person had the higher his salary would be. Investments in successively higher levels of education, however, have yielded successively lower rates of return, and rates of return on investments in college education have varied greatly by major program of study. In the late 1940's a projection was made that there would soon be more college graduates than jobs for them in their fields. This statement was denied as time took its course. Now, however, the same prediction is again made, and the validation or denial lies ahead. (HS)
Publication Type: N/A
Education Level: N/A
Authoring Institution: Wisconsin Board of Regents of State Universities, Madison.
Note: Presented at Annual Meeting of the Wisconsin Educational Research Association, Cardinal Stritch College, Milwaukee, Wisc. (Dec. 4, 1971)