AbstractsEconomics

This paper estimates the rate of return to education in European countries. The aim is to estimate the wage equation and investigate the wage statement in those countries using comparable microdata, then demonstate the rising rate of return to education. Firstly, we begin by presenting conventional estimates of Mincerian human capital wage functions Secondly, we have multiple cross-sections of data from European countries, which allows us to investigate how the returns vary over time and space. Thirdly, we will compare the result with that in China. Because of lacking chinese data, I will use the result of others¡¯ papers. For example: Economic returns to schooling in urban China, 1988 to 2001 (Junsen Zhang, Yaohui Zhao, Albert Park and Xiaoqing Song)