Advanced Search
MyIDEAS: Login

Mincer Rates Of Return To Education In The Emerging Economy Of Albania

Contents:

Author Info

  • Gjipali Arsena

    (Faculty of Business and Economics, Tirana University, Albania)

  • Kristo Suela

    (Faculty of Business and Economics, Tirana University, Albania)

Registered author(s):

    Abstract

    In this paper we study the relationship between earnings and education measured in schooling levels. The main hypothesis to be tested is whether higher education levels reward with higher earnings the working labour force in Albania. We use cross section data from the Living Standards Measurement Survey (LSMS) of 2002 and develop a comprehensive framework for our quantitative analysis of the private returns to schooling and private incentives to invest in education. We construct estimates of the private return to each post-compulsory schooling level, taking into account the effects of education on wages. We find that only tertiary education provides significant positive returns with the upper secondary school being less rewarded. This finding might explain the reduced incentives to invest in additional post-compulsory schooling if this would not lead to tertiary.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://eccsf.ulbsibiu.ro/RePEc/blg/journl/623Gjipali&Kristo.pdf
    Download Restriction: no

    Bibliographic Info

    Article provided by Lucian Blaga University of Sibiu, Faculty of Economic Sciences in its journal Studies in Business and Economics.

    Volume (Year): 6 (2011)
    Issue (Month): 2 (August)
    Pages: 27-36

    as in new window
    Handle: RePEc:blg:journl:v:6:y:2011:i:2:p:27-36

    Contact details of provider:
    Postal: Lucian Blaga University of Sibiu, Faculty of Economic Sciences Dumbravii Avenue, No 17, postal code 550324, Sibiu, Romania
    Phone: 004 0269 210375
    Fax: 004 0269 210375
    Email:
    Web page: http://economice.ulbsibiu.ro/
    More information through EDIRC

    Related research

    Keywords: schooling; Mincer equation; returns to education;

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Angel de la Fuente & Juan Francisco Jimeno, 2008. "The private and fiscal returns to schooling and the effect of public policies on private incentives to invest in education: a general framework and some results for the EU," Working Papers 342, Barcelona Graduate School of Economics.
    2. Gary S. Becker, 1975. "Investment in Human Capital: Effects on Earnings," NBER Chapters, in: Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education, 2nd ed., pages 13-44 National Bureau of Economic Research, Inc.
    3. Gary S. Becker, 1975. "Age, Earnings, Wealth, and Human Capital," NBER Chapters, in: Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education, 2nd ed., pages 214-230 National Bureau of Economic Research, Inc.
    4. Flavio Cunha & James J. Heckman & Lance Lochner & Dimitriy V. Masterov, 2005. "Interpreting the Evidence on Life Cycle Skill Formation," NBER Working Papers 11331, National Bureau of Economic Research, Inc.
    5. Gary S. Becker, 1975. "Investment in Human Capital: Rates of Return," NBER Chapters, in: Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education, 2nd ed., pages 45-144 National Bureau of Economic Research, Inc.
    6. James Heckman & Pedro Carneiro, 2003. "Human Capital Policy," NBER Working Papers 9495, National Bureau of Economic Research, Inc.
    7. Colm Harmon & Hessel Oosterbeek & Ian Walker, 2003. "The Returns to Education: Microeconomics," Journal of Economic Surveys, Wiley Blackwell, vol. 17(2), pages 115-156, 04.
    8. Andrew Weiss, 1995. "Human Capital vs. Signalling Explanations of Wages," Journal of Economic Perspectives, American Economic Association, vol. 9(4), pages 133-154, Fall.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:blg:journl:v:6:y:2011:i:2:p:27-36. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mihaela Herciu).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.