Abstract
Using four large micro data sets, this paper examines the returns to investments in education by registered nurses during the period 1970-84. Wage models are estimated by a maximum likelihood technique that accounts for selection bias. No wage difference existed between associate and diploma degree nurses. Modest hourly wage premiums were found for baccalaureate (BS) compared with associate degree nurses. Returns to positions of responsibility were substantial. However, when career patterns of promotion were examined in a multinomial logit model, and although statistically significant differences existed in favor of the baccalaureate nurses, the differences were small. Blacks made substantial gains over the period while males consistently earned large wage premiums.
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