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Changes in private returns to education caused by the tertiary education expansion in Slovakia

Author

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  • Miroslav Stefanik

    (Institute for Economic Research, Slovak Academy of Sciences)

Abstract

This article brings evidence on tertiary education expansion in Slovakia and explores possible effects of this expansion on private returns to education. It focuses particularly on intergenerational differences in private returns to education. The question is whether tertiary education expansion has decreased private returns to education and whether there are differences in the value of education acquired by different generations. European Union Community Statistics on Income and Living Conditions data were used to answer this question. Private returns to education were estimated using a standard Mincerian approach. The value of tertiary education of persons under 45 years old showed to be behaving differently in time than the value of tertiary education of persons aged 45 and older. This development may be caused by the recent tertiary education expansion in Slovakia.

Suggested Citation

  • Miroslav Stefanik, 2011. "Changes in private returns to education caused by the tertiary education expansion in Slovakia," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 1(2), pages 167-176, December.
    • Handle: RePEc:rse:wpaper:v:1:y:2011:i:2:p:167-176
    as

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    References listed on IDEAS

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    5. Card, David, 1999. "The causal effect of education on earnings," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 30, pages 1801-1863, Elsevier.
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    More about this item

    Keywords

    private returns to education; tertiary education expansion;

    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy
    • J18 - Labor and Demographic Economics - - Demographic Economics - - - Public Policy

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