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Was It All Worth It? On the Value of Tertiary Education for Generation ’77 in Poland

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  • Leszek Wincenciak

Abstract

This research paper aims at estimating the value of tertiary education in Poland for men and women over the life cycle using specific dataset of Labor Force Surveys for generation born in 1977. Regression-adjusted counterfactual wages are estimated using Heckman selection models as proxy of the alternative costs of studying and a special Discrete Choice Experiment is designed to evaluate the value of time devoted for studying as a proxy of effort required to complete the studies. Results suggest that the net present value of tertiary education is lower for men than women in the short horizon of professional career. The surprising effect is that the internal rate of return appears to be slightly higher for women.

Suggested Citation

  • Leszek Wincenciak, 2015. "Was It All Worth It? On the Value of Tertiary Education for Generation ’77 in Poland," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 42.
    • Handle: RePEc:eko:ekoeko:42_13
    DOI: 10.17451/eko/42/2015/174
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    File URL: http://ekonomia.wne.uw.edu.pl/ekonomia/getFile/766
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    References listed on IDEAS

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    Cited by:

    1. Wojciech Hardy & Roma Keister & Piotr Lewandowski, 2016. "Do entrants take it all? The evolution of task content of jobs in Poland," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 47.

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