Education and Income in the Early 20th Century: Evidence from the Prairies

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Education and Income in the Early 20th Century: Evidence from the Prairies

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Title: Education and Income in the Early 20th Century: Evidence from the Prairies
Author: Goldin, Claudia; Katz, Lawrence

Note: Order does not necessarily reflect citation order of authors.

Citation: Goldin, Claudia and Lawrence F. Katz. 2000. Education and income in the early 20th century: Evidence from the prairies. The Journal of Economic History 60(3): 782-818.
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Abstract: We present the first estimates of the returns to years of schooling before 1940 using a large sample individuals (from the 1915 Iowa State Census). The returns to a year of high school or college were substantial in 1915—about 11 percent for all males and in excess of 12 percent for young males. Education enabled individuals to enter lucrative white-collar jobs, but sizable educational wage differentials also existed within occupational groups. Returns were substantial even for those in farming. We find, using U.S. census data, that returns to education decreased between 1915 and 1940 and again during the 1940s.
Published Version: http://dx.doi.org/doi:10.1017/S0022050700000334
Other Sources: http://dx.doi.org/10.3386/w7217
Terms of Use: This article is made available under the terms and conditions applicable to Other Posted Material, as set forth at http://nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of-use#LAA
Citable link to this page: http://nrs.harvard.edu/urn-3:HUL.InstRepos:2624456

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  • FAS Scholarly Articles [7501]
    Peer reviewed scholarly articles from the Faculty of Arts and Sciences of Harvard University
 
 

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