Economic returns to education have declined in India

The decision to acquire educational qualifications has economic implications. Getting an education demands both time and money and is expected to deliver higher economic returns than the money invested in acquiring it (Return to Education). The recent job riots in India, when some of the rioters expressed a worry that highly-qualified candidates were snatching away low-skilled jobs, underlined this connection. Jie Chen, Sanghamitra Kanjilal Bhaduri and Francesco Pastore use data from India’s Periodic Labour Force Survey (PLFS) to examine different aspects of this connection.