Financial Development and Structure 1960-2010

Aruba, Afghanistan, Angola...and 192 more, 1960 - 2010

Reference ID

WLD_1960-2010_FDS_v02_M

Producer(s)

Thorsten Beck and Asli Demirguc-Kunt (World Bank), Ross Eric Levine (Carlson School of Management, University of Minnesota)

Metadata

Documentation in PDF DDI/XML JSON

Study website

Created on

Sep 05, 2014

Last modified

Jun 14, 2022

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Return on education 80 (returned80)

Data file: request8095

Overview

Valid: 90

Invalid: 16

Minimum: 0.0523

Maximum: 1.208

Mean: 0.561

Standard deviation: 0.303

Type: Continuous

Decimal: 0

Start: 411

End: 428

Width: 18

Range: 0.0522600002586842 - 1.2079199552536

Format: Numeric

Description

Universe

1980-1995

Imputation and derivation

Derivation

The return on education is calculated as marginal return on human capital times number of average schooling years, where 13.4% is used for the first 4 years, 10.1% for the following 4 years and 6.8% for all years over 8.

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