Table 9: Mean Country Returns to Education
|
Country________ |
Year |
Middle Returna |
High |
Overall |
Marg. Corp. Tax |
Avg. Corp. tax |
|
Austria |
1994 |
0.2856 |
0.5605 |
0.2813 |
0.34 |
0.255 |
|
1997 |
0.2090 |
0.5342 |
0.2587 |
0.34 |
0.234 | |
|
2000 |
0.2870 |
0.4388 |
0.2205 |
0.34 |
0.189 | |
|
Belgium |
1995 |
0.0958 |
0.3137 |
0.1630 |
0.39 |
0.198 |
|
1997 |
0.1942 |
0.5685 |
0.2913 |
0.39 |
0.162 | |
|
2000 |
0.1424 |
0.3154 |
0.1600 |
0.39 |
0.205 | |
|
France |
1994 |
0.1694 |
0.5458 |
0.2617 |
0.50 |
0.510 |
|
Germany |
1984 |
0.1562 |
0.3954 |
0.1943 |
0.56 |
0.470 |
|
1989 |
0.1432 |
0.3991 |
0.1965 |
0.56 |
0.358 | |
|
1994 |
0.0269 |
0.2702 |
0.1558 |
0.45 |
0.280 | |
|
2000 |
0.1560 |
0.4089 |
0.2198 |
0.45 |
0.257 | |
|
Greece |
1995 |
0.3387 |
0.5819 |
0.2923 |
0.35 |
0.320 |
|
2000 |
0.3868 |
0.7188 |
0.3601 |
0.40 |
0.532 | |
|
Ireland |
1994 |
0.2940 |
0.6967 |
0.3445 |
0.40 |
0.087 |
|
1995 |
0.3251 |
0.6520 |
0.3259 |
0.40 |
0.087 | |
|
1996 |
0.3040 |
0.6944 |
0.3443 |
0.40 |
0.078 | |
|
2000 |
0.2565 |
0.5661 |
0.2819 |
0.24 |
0.094 | |
|
Italy |
1987 |
0.3152 |
0.6531 |
0.3239 |
0.36 |
0.373 |
|
1989 |
0.2443 |
0.4164 |
0.2177 |
0.36 |
0.544 | |
|
1991 |
0.2696 |
0.5389 |
0.2695 |
0.36 |
0.308 | |
|
1993 |
0.3636 |
0.6565 |
0.3385 |
0.36 |
0.388 | |
|
1995 |
0.3462 |
0.6013 |
0.3127 |
0.36 |
0.400 | |
|
1998 |
0.2887 |
0.5347 |
0.2723 |
0.37 |
0.462 | |
|
2000 |
0.2768 |
0.4842 |
0.2502 |
0.37 |
0.386 | |
|
Mexico |
1984 |
0.7830 |
1.1422 |
0.6158 |
0.42 |
0.670 |
|
1989 |
0.8125 |
1.1561 |
0.6243 |
0.37 |
0.343 | |
|
1992 |
0.9730 |
1.4735 |
0.7881 |
0.35 |
0.274 | |
|
1994 |
1.0939 |
1.6377 |
0.8761 |
0.34 |
0.247 | |
|
1996 |
0.9833 |
1.5178 |
0.8030 |
0.34 |
0.155 | |
|
1998 |
0.9790 |
1.5476 |
0.8170 |
0.34 |
0.197 | |
|
2000 |
0.7847 |
1.4187 |
0.7218 |
0.35 |
0.354 | |
|
Netherlands |
1983 |
0.2588 |
0.5594 |
0.2702 |
0.48 |
0.287 |
|
1994 |
0.1667 |
0.4012 |
0.2004 |
0.35 |
0.183 | |
|
1999 |
0.2393 |
0.4698 |
0.2341 |
0.35 |
0.163 | |
|
Spain |
1995 |
0.3363 |
0.6973 |
0.3474 |
0.35 |
0.279 |
|
2000 |
0.2966 |
0.6217 |
0.3097 |
0.35 |
0.352 | |
|
Sweden |
1995 |
0.0756 |
0.3318 |
0.1816 |
0.28 |
0.220 |
|
Switzerland |
1992 |
0.1824 |
0.4050 |
0.2050 |
0.10 |
0.134 |
|
United States |
1979 |
0.2536 |
0.4896 |
0.2435 |
0.46 | |
|
1991 |
0.4710 |
0.8955 |
0.4406 |
0.34 | ||
|
1997 |
0.4817 |
0.9139 |
0.4485 |
0.35 | ||
|
2000 |
0.4560 |
0.9108 |
0.4552 |
0.35 |
a. These values are estimated coefficients from the following regression that was run separately
for each country/year: wagerate. = α + β1 middle _ educi + β2 Uhigh _ educi + β3 Udgei + β4 Uage2 + β5 Umalei + ε
b. These values are estimated coefficients from the following regression that was run separately
for each country/year: wagerate. = α + β1 overall _ educi + β3 Uagei + β4 Uage2 + β5 Umtaleti + ε
39
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