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What is Economics vs. Law Degree Investment Returns about?

1) The number of law graduates in Australia increased dramatically between 1989 and 1999, rising almost 2.5 times, while the number of economics graduates declined relatively. 2) Holding other factors equal, the large increase in the supply of law graduates would be expected to lower the private rate of return to a law degree. However, the paper finds that the private rate of return to law degrees did not fall between 1986 and 2001. 3) While perceptions are that law degrees lead to superior careers, the

Author

Akash Bhatia

Language

EN