Each additional year of education can increase a person’s annual earnings by 10% (News and Research 384)

Returns to education in Nepal: an analysis of educational attainment, employability and social mobility | Thapa, Izawa | This study examines the impact of educational attainment on employment and earnings in Nepal. Using the Nepal Labour Force Survey 2017–2018 cycle, we employ an extended earnings function derived from the foundational Mincer equation to estimate returns to education. The results underscore the overall positive impact of education (1.76, 3.73, 7.68 and 11.00% increase in earnings by primary, secondary, bachelor’s and master’s degrees, respectively), which is lower than the average observed in other low– and middle– income countries, except in higher education. The results also indicate persisting disparities for females and disadvantaged groups. The study emphasizes the need for strategic interventions, improved educational infrastructure and inclusive policies to foster equitable opportunities.

Perceived returns and regrets among college graduates  | Shafiq, Toutkoushian | We contribute to the higher education returns discourse by examining perceptions among college graduates. Using 2021 U.S. Survey of Household Economics of Decisionmaking data, we observe that over 80% of degree holders perceive that they received positive financial returns from college, while only 7% of college degree holders regret their decision to go to university. However, 39% regret their major choice, and 24% regret their institution choice. Logistic regression reveals perceptions and regrets vary with field of study, gender, type of institution attended, student debt load, and age.

Returns to education in Greece: adjusting to large wage cuts | Cholezas, Kanellopoulos | This paper estimates returns to education during a period of sharp wage cuts in Greece, considering both the endogenous nature of education and women’s self-selection. Findings suggest that dramatic wage declines were followed by sharp decreases in returns to education, while the documented convergence of returns between genders is an added benefit. Once endogeneity is examined, using parental education and number of siblings in the household as instruments, and self-selection is accounted for, returns to education almost double compared to OLS. These findings are verified using several robustness tests and alternative specifications.

Insights by Harry Patrinos (World Bank) on the Education Finance Watch Africa Edition 2024 | YouTube · UN Office of the Special Adviser on Africa | The Education Finance Watch (EFW) is a collaborative effort between the World Bank, the Global Education Monitoring (GEM) Report, and the UNESCO Institute of Statistics

World Bank Senior Advisor’s highlights on educational spending | YouTube · UN Office of the Special Adviser on Africa | Each additional year of education can increase a person’s annual earnings by about 10 per cent