The Returns to Education in Africa: Some New Estimates
用统一方法估计12个非洲国家的教育回报率，发现基础教育回报率最低（7-10%），高中和高等教育回报率相近（25-30%），考虑失业风险后回报率上升。
We estimate the rate of return to education for 12 African countries using recent data and a range of methodologies, which we apply consistently across all countries. Our findings confirm that the return to basic education is the lowest (7–10%). The returns to upper secondary and tertiary education are similar to one another (25–30%). Accounting for the risk of joblessness increases these rates of return, particularly for basic education and for women at tertiary level. Our results at the country level suggest that great care should be taken in choosing the appropriate methodology to estimate rates of return.