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Ation Sector Unit September 2002 I POLICY RESEARCH WORKING PAPER 2881 Abstract Returns to investment in education based on human capital theory have been estimated since the late 1950s. In the 40-plus year history of estimates of returns to investment in education, there have been several reviews of the empirical results in attempts to establish patterns. Many more estimates from a wide variety of countries, including over time evidence, and estimates based on new econometric techniques, rea.

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