JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org.. University of Wisconsin Press andThe Board of Regents of the University of Wisconsin System are collaborating with JSTOR to digitize, preserve and extend access to The Journal of Human Resources. ABSTRACT This article is concerned with the measurement of the effect of a year of education on individual income in rural South Vietnam. Data from the 1964 Rural Income and Expenditure Sample Survey of South Vietnam are analyzed with a multiple regression model to detect the effect of education on individual income over-all and by occupation. The regression results show that education has a significant positive effect on individual income despite the generally low level of educational attainment among the rural South Vietnamese. Although the exact rate of return on investment in education cannot be computed because of lack of cost data, the evidence presented suggests that additional investment in literacy education probably would be economically justified. As an outgrowth of the renewed interest of economists in the role of human capital in the development process,' the relationship between education and

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