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. Author manuscript; available in PMC: 2016 Oct 1.
Published in final edited form as: J Labor Econ. 2016 Feb 11;34(Suppl 2):s31–s65. doi: 10.1086/684121

Table 1.

Schooling Choice and Rates of Return per Year of College: Comparison Across Cohorts

NLS/66 NLSY/79
High School Graduates 58.17% 64.19%
College Graduates 41.83% 35.81%
Mincer Returns to College1 9.01% 11.96%
Mincer Returns to College2 10.17% 12.41%
Mincer Returns to College3 8.17% 11.00%
1

Pooled OLS Regression, controlling only for Mincer Experience and Mincer Experience Squared

2

Pooled OLS Regression, controlling for Mincer Experience, Mincer Experience Squared, and Year Dummies

3

Pooled OLS Regression, controlling for Mincer Experience, Mincer Experience Squared, Cognitive Skills, Urban and South Residence at Age 14, and Year Dummies (Dependent Variable: Log Earnings).