Progress in educational development in the world since 1900 has been slow and uneven between countries. Providing basic education for all children in developing countries has been and remains an unmet challenge of governments and international organizations alike. This is in sharp contrast to recent findings in the economics literature on the…

A statistical analysis using the social marginal product of labor to estimate the rate of return on investment in education instead of market earnings. (BC)

Analyzes the relationship between years of schooling and income distribution, based on human capital theory. (Available from North-Holland Publishing Company, P.O. Box 211, Amsterdam, the Netherlands; $13.50 annually, plus $4.00 postage and handling) (JG)

This paper reports on the economic returns to investment in education in a large number of countries and attempts to trace patterns that might exist between the returns to education and other socio-economic characteristics of the countries involved. (Author/RY)

The author updates his 1973 comparative study of the "rate of return" literature with 13 new country cases, revised figures for most of the original 32 countries, and further interpretation. He also discusses a series of controversial arguments associated with the rate of return literature of the 1970s. (Author/SJL)