Changes In Return To Higher Education In Poland 1998-2004
AbstractIn the article private rate of return to higher education in the 1998-2004 period is considered. The model is based on comparative advantage theory and extended Mincerian wage equation. The extension is made to account for non-random decision to undertake studies at university level. The estimate of private rate of return in Poland is roughly 9.5%, and it is among the highest in Europe. In addition, the unexpected rise in rate of return is observed. This change has been linked to labour market transformation and Skill Bias Technological Change phenomenon. Also the influence of financing tertiary education is considered. The rate of return to higher education has risen and graduation has positively affected the obtained wages.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 5185.
Date of creation: 15 Aug 2007
Date of revision:
Return to education; private returns; skill biased technical change; sample selection;
Find related papers by JEL classification:
- I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-10-13 (All new papers)
- NEP-EDU-2007-10-13 (Education)
- NEP-EEC-2007-10-13 (European Economics)
- NEP-HRM-2007-10-13 (Human Capital & Human Resource Management)
- NEP-LAB-2007-10-13 (Labour Economics)
- NEP-SOG-2007-10-13 (Sociology of Economics)
- NEP-TRA-2007-10-13 (Transition Economics)
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