Changes in private returns to education caused by the tertiary education expansion in Slovakia
AbstractThis 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.
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Bibliographic InfoArticle provided by Pro Global Science Association in its journal Published in Review of Applied Socio-Economic Research.
Volume (Year): 1 (2011)
Issue (Month): 2 (December)
private returns to education; tertiary education expansion;
Find related papers by 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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Economics of Education Review,
Elsevier, vol. 27(6), pages 724-740, December.
- Flabbi, Luca & Paternostro, Stefano & Tiongson, Erwin R., 2007. "Returns to education in the economic transition : a systematic assessment using comparable data," Policy Research Working Paper Series 4225, The World Bank.
- Chase, R.S., 1997. "Markets for Communist Human Capital: Returns to Education and Experience in the Czech Republic and Slovakia," Papers 770, Yale - Economic Growth Center.
- Ewart Keep, 2004. "The Economic and Distributional Implications of Current Policies on Higher Education," Oxford Review of Economic Policy, Oxford University Press, vol. 20(2), pages 298-314, Summer.
- Robert S. Chase, 1997. "Markets for Communist Human Capital: Returns to Education and Experience in the Czech Republic and Slovakia," Working Papers 770, Economic Growth Center, Yale University.
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