Reports internal rates of return (IRORs) to college education based on the Panel Study of Income Dynamics. IROR declined from 1969 to 1974 but by 1978, approached the 1969 level. From 1978 to 1982, IROR either increased or slightly decreased. From 1982 to 1985, IROR remained essentially unchanged, according to one measure, or increased…

In a 1991 article, Jerry Paquette argued that private rates of return to schooling in Canada during early to mid-1980s were small or negative, except for those completing bachelor's degree or higher. This paper shows Paquette's (Canadian census) data indicate quite different results; surveys recent studies; and provides recent data to show private…