Table 3 Estimated returns from additional education
| Males | Females | |||
|---|---|---|---|---|
| Tertiary over upper secondary | Upper secondary over lower secondary | Tertiary over upper secondary | Upper secondary over lower secondary | |
| Relative wage gain for the continuously employed | 30% | 4% | 35% | 10% |
| Relative wage gain corrected for the probability of unemployment | 52% | 35% | 66% | 46% |
| Present value of investment | 88,523 dollars | 40,378 dollars | 64,451 dollars | 31,837 dollars |