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Quantile Estimates for Social Returns to Education in Turkey: 2006-2009

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Author Info

  • Bakis, Ozan

    ()
    (TUSIAD-Sabanci University Competitiveness Forum)

  • Davutyan, Nurhan

    ()
    (Kadir Has University, Dept. of Int’l. Trade and Finance)

  • Levent, Haluk

    ()
    (Galatasaray University Economic Research Center)

  • Polat, Sezgin

    ()
    (Galatasaray University Economic Research Center)

Abstract

Augmenting a Mincerian earnings function with regional data we estimate both private and external returns to education in Turkey using Instrumental Variables, Ordinary Least Squares, Quantile Regression and Instrumental Variables Quantile Regression methods. Our results indicate a median external return between 1.5% and 2.3% for 2006-2009. There is some evidence supporting the skill-biased technical change hypothesis. External returns are uniformly higher for women. We point out some policy implications.

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Bibliographic Info

Paper provided by Galatasaray University Economic Research Center in its series GIAM Working Papers with number 13-10.

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Length: 33 pages
Date of creation: 18 Jul 2013
Date of revision:
Handle: RePEc:ris:giamwp:2013_010

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Related research

Keywords: human capital; externalities; returns to education; instrumental quantile regression; growth;

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