Czech Relative Wages and Returns to Schooling: Does the Short Supply of College Education Bite? (in English)

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Czech Relative Wages and Returns to Schooling: Does the Short Supply of College Education Bite? (in English)

Author Info

Štěpán Jurajda () (CERGE-EI Prague)

Additional information is available for the following registered author(s):

Stepan Jurajda

Abstract

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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Publisher Info
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:83-95

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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

References listed on IDEAS
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Other versions:
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Other versions:
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Other versions:
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Other versions:
- Stepan Jurajda & Katherine Terrell, 2002. "Job Growth in Early Transition: Comparing Two Paths," William Davidson Institute Working Papers Series 503, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
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