Quantile Estimates for Social Returns to Education in Turkey: 2006-2009
AbstractAugmenting 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 InfoPaper provided by Galatasaray University Economic Research Center in its series GIAM Working Papers with number 13-10.
Length: 33 pages
Date of creation: 18 Jul 2013
Date of revision:
human capital; externalities; returns to education; instrumental quantile regression; growth;
Other versions of this item:
- Ozan Bakis & Nurhan Davutyan & Haluk Levent & Sezgin Polat, 2013. "Quantile Estimates For Social Returns To Education In Turkey: 2006–2009," Middle East Development Journal (MEDJ), World Scientific Publishing Co. Pte. Ltd., vol. 5(03), pages 1350017-1-1.
- C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
- D62 - Microeconomics - - Welfare Economics - - - Externalities
- I20 - Health, Education, and Welfare - - Education - - - General
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
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