Does the Short Supply of College Education Bite?

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Does the Short Supply of College Education Bite?

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Stepan Jurajda ()

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Stepan Jurajda

Abstract

Czech returns to education are estimated using 2002 data on hourly wages of salaried employees. The return to an additional year of schooling is close to 10% – that is relatively high given the level of economic development and average schooling level. Particularly large is the college/high-school wage gap: it is about 50% higher than in Germany or Austria, which have a similar education structure. This is likely caused by the short supply of tertiary education provided by the funds-starved Czech public colleges.

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Paper provided by The Center for Economic Research and Graduate Education - Economic Institute, Prague in its series CERGE-EI Working Papers with number wp213.

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Date of creation: Jul 2003
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Handle: RePEc:cer:papers:wp213

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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

This paper has been announced in the following NEP Reports:

NEP-ALL-2004-02-01 (All new papers)
NEP-TRA-2004-02-01 (Transition Economics)

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Other versions:
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Other versions:
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Other versions:
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Stepán Jurajda & Katherine Terrell, 2003. "Job growth in early transition: Comparing two paths ," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 11(2), pages 291-320, June. [Downloadable!] (restricted)
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!]
- Jurajda, Stepán & Terrell, Katherine, 2002. "Job Growth in Early Transition: Comparing Two Paths," IZA Discussion Papers 589, Institute for the Study of Labor (IZA). [Downloadable!]
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Other versions:
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