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Czech Relative Wages and Returns to Schooling: Does the Short Supply of College Education Bite? (in English) Author info | Abstract | Publisher info | Download info | Related research | Statistics Štěpán Jurajda () (CERGE-EI Prague)
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Czech returns to education are estimated using 2002 data on hourly wages of salaried employees. The wage return on an additional year of schooling is close to 10 percent, which is relatively high given the level of economic development and education level in the Czech Republic. Particularly large is the post-secondary/secondary-school wage gap, which appears higher than in Germany or Austria, two countries with a similar educational structure. This is likely due to the short supply of tertiary education provided by funds-starved Czech public post-secondary institutions.
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Article provided by Charles University Prague, Faculty of Social Sciences in its journal Finance a uver - Czech Journal of Economics and Finance .
Volume (Year): 55 (2005)
Issue (Month): 1-2 (January)
Pages: 83-95
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Handle: RePEc:fau:fauart:v:55:y:2005:i:1-2:p:83-95Contact details of provider: Postal: Opletalova 26, CZ-110 00 Prague Phone: +420 2 222112330 Fax: +420 2 22112304 Email: Web page: http://ies.fsv.cuni.cz/ More information through EDIRC
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Keywords: Czech Republic ; returns to education ; Find related papers by JEL classification: J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials P23 - Economic Systems - - Socialist Systems and Transition Economies - - - Factor and Product Markets; Industry Studies; Population
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