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THE RATE OF RETURN TO MEXICAN AMERICANS AND ANGLOS ON AN INVESTMENT IN A COLLEGE EDUCATION
Author(s) -
RAYMOND RICHARD,
SESNOWITZ MICHAEL
Publication year - 1983
Publication title -
economic inquiry
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.823
H-Index - 72
eISSN - 1465-7295
pISSN - 0095-2583
DOI - 10.1111/j.1465-7295.1983.tb00641.x
Subject(s) - rate of return , liberal arts education , investment (military) , economics , ethnic group , demographic economics , college education , labour economics , higher education , political science , finance , economic growth , law , politics
Rates of return to an investment in a college education are estimated for Mexican American and Anglo male college graduates with majors in business, accounting, education and liberal arts. The returns, estimated for 1967, 1970 and 1973 graduates of Pan American University, are quite substantial for all but the Anglo education majors. The returns to the business and accounting majors substantially exceed those to the other graduates. There was no strong tendency for the rates of return to fall over time nor were there any systematic differences between the returns to the two ethnic groups. This latter result does not imply an absence of labor market discrimination against Mexican American college graduates.