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Odhad míry návratnosti investic do vysokoškolského vzdělání podle oborů, pohlaví a regionů
[The Estimation of Internal Rates of Return on Human Capital Investment Differenced by Study Fields, Sex and Regions]

Author

Listed:
  • Savina Finardi
  • Jakub Fischer
  • Petr Mazouch

Abstract

The aim of paper is to estimate internal rates on return on human capital investment in the Czech Republic. Internal rates of returns are estimated from the point of view of individuals and society. Authors did their own computations and estimations, which are based on some selected data: REFLEX survey, Eurostudent IV survey, data about wage development from Czech Statistical Office and from Information system about average salaries. Internal rates of return are differenced by study fields, regions and sex. Pares also reflects the current demographic situation in the Czech Republic and thoughts about reform of tertiary educational system including tuition fees at public universities.

Suggested Citation

  • Savina Finardi & Jakub Fischer & Petr Mazouch, 2012. "Odhad míry návratnosti investic do vysokoškolského vzdělání podle oborů, pohlaví a regionů
    [The Estimation of Internal Rates of Return on Human Capital Investment Differenced by Study Fields, Sex a
    ," Politická ekonomie, University of Economics, Prague, vol. 2012(5), pages 563-589.
  • Handle: RePEc:prg:jnlpol:v:2012:y:2012:i:5:id:864:p:563-589
    as

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    References listed on IDEAS

    as
    1. Gary S. Becker, 1962. "Investment in Human Capital: A Theoretical Analysis," Journal of Political Economy, University of Chicago Press, vol. 70, pages 1-9.
    2. Antonio Ciccone & Giovanni Peri, 2002. "Indentifying human capital externalities: Theory with an application to US cities," Economics Working Papers 611, Department of Economics and Business, Universitat Pompeu Fabra, revised Jul 2005.
    3. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1.
    4. Corrado Andini, 2007. "Returns to education and wage equations: a dynamic approach," Applied Economics Letters, Taylor & Francis Journals, vol. 14(8), pages 577-579.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    human capital; tertiary education; internal rate of return; tuition fees;

    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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