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

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

Author: 
Fasih, Tazeen
Place: 
Washington, D. C.
Publisher: 
World Bank Group
Date published: 
2020
Record type: 
Corporate Author: 
World Bank
Responsibility: 
Patrinos, Harry A., jt. author
Shafiq, M. Najeeb, jt. author
Abstract: 

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.

Country focus: 

CITATION: Fasih, TazeenWorld Bank. Economic Crises and Returns to University Education in Middle-Income Countries: Stylized Facts and COVID-19 Projections . Washington, D. C. : World Bank Group , 2020. - Available at: http://library.au.int/economic-crises-and-returns-university-education-middle-income-countries-stylized-facts-and-covid-19