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Working Paper

Economic Crises and Returns to University Education in Middle-Income Countries : Stylized Facts and COVID-19 Projections

CORONAVIRUS COVID-19 PANDEMIC IMPACT RETURNS TO EDUCATION TERTIARY EDUCATION UNIVERSITY EDUCATION WAGES
http://documents.worldbank.org/curated/en/728541604932217423/Economic-Crises-and-Returns-to-University-Education-in-Middle-Income-Countries-Stylized-Facts-and-COVID-19-Projections http://hdl.handle.net/10986/34773
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World Bank, Washington, DC
Africa | East Asia and Pacific | South Asia | Indonesia | Pakistan | South Africa
2020-11-12T17:22:42Z | 2020-11-12T17:22:42Z | 2020-11

This paper documents stylized facts on rates of returns to education during economic crises. It shows from three middle-income countries -- Indonesia, Pakistan, and South Africa -- that the rate of return to university education (versus secondary education) has increased during economic crises. Based on this stylized fact, the paper projects that the returns for university graduates may increase by at least one-quarter to one-third during the COVID-19 pandemic.

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