IDEAS home Printed from https://ideas.repec.org/a/prg/jnlpol/v2012y2012i5id864p563-589.html

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 and Regions]," Politická ekonomie, Prague University of Economics and Business, vol. 2012(5), pages 563-589.
    • Handle: RePEc:prg:jnlpol:v:2012:y:2012:i:5:id:864:p:563-589
    DOI: 10.18267/j.polek.864
    as

    Download full text from publisher

    File URL: http://polek.vse.cz/doi/10.18267/j.polek.864.html
    Download Restriction: free of charge
    File URL: http://polek.vse.cz/doi/10.18267/j.polek.864.pdf
    Download Restriction: free of charge
    File URL: https://libkey.io/10.18267/j.polek.864?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. James J. Heckman & Lance J. Lochner & Petra E. Todd, 2008. "Earnings Functions and Rates of Return," Journal of Human Capital, University of Chicago Press, vol. 2(1), pages 1-31.
    2. Gary S. Becker, 1962. "Investment in Human Capital: A Theoretical Analysis," NBER Chapters, in: Investment in Human Beings, pages 9-49, National Bureau of Economic Research, Inc.
    3. Antonio Ciccone & Giovanni Peri, "undated". "Human Capital and Externalities in Cities," Working Papers 172, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    4. Heckman, James J. & Lochner, Lance J. & Todd, Petra E., 2006. "Earnings Functions, Rates of Return and Treatment Effects: The Mincer Equation and Beyond," Handbook of the Economics of Education, in: Erik Hanushek & F. Welch (ed.), Handbook of the Economics of Education, edition 1, volume 1, chapter 7, pages 307-458, Elsevier.
    5. 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.
    6. Jacob A. Mincer, 1974. "Schooling and Earnings," NBER Chapters, in: Schooling, Experience, and Earnings, pages 41-63, National Bureau of Economic Research, Inc.
    7. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1.
    8. 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)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Savina Finardi & Jakub Fischer, 2017. "The estimation of Mincer function in conditions of the Czech republic [Odhad Mincerovy funkce v podmínkách České republiky]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2017(3), pages 57-68.
    2. Mattos, Enlinson & virtual::5854 & -1 & Ponczek, Vladimir Pinheiro & virtual::5855 & -1 & Silveira, Priscilla Bacalhau Velloso da & virtual::5857 & -1, 2019. "College quality signaling and individual performance: effects on labor market outcomes after graduation," Textos para discussão 502, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    3. Maria Manuel Campos & Hugo Reis, 2018. "Returns to schooling in the Portuguese economy: a reassessment," Public Sector Economics, Institute of Public Finance, vol. 42(2), pages 215-242.
    4. Bhuller, Manudeep & Mogstad, Magne & Salvanes, Kjell G., 2011. "Life-Cycle Bias and the Returns to Schooling in Current and Lifetime Earnings," IZA Discussion Papers 5788, IZA Network @ LISER.
    5. Diego Restuccia & Guillaume Vandenbroucke, 2014. "Explaining Educational Attainment across Countries and over Time," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(4), pages 824-841, October.
    6. repec:csa:wpaper:2013/13 is not listed on IDEAS
    7. Necker, Sarah & Voskort, Andrea, 2014. "Intergenerational transmission of risk attitudes – A revealed preference approach," European Economic Review, Elsevier, vol. 65(C), pages 66-89.
    8. Rulof P. Burger & Francis J. Teal, 2013. "Measuring the option value of education," CSAE Working Paper Series 2013-13, Centre for the Study of African Economies, University of Oxford.
    9. Corrado Andini, 2010. "A dynamic Mincer equation with an application to Portuguese data," Applied Economics, Taylor & Francis Journals, vol. 42(16), pages 2091-2098.
    10. Alberto Dalmazzo & Guido De Blasio, 2005. "Where Do Human Capital Externalities End Up To?," ERSA conference papers ersa05p628, European Regional Science Association.
    11. Deniz Ozabaci & Daniel Henderson, 2015. "Additive kernel estimates of returns to schooling," Empirical Economics, Springer, vol. 48(1), pages 227-251, February.
    12. Daeheon Choi & Chune Young Chung & Ha Truong, 2019. "Return on Education in Two Major Vietnamese Cities," Sustainability, MDPI, vol. 11(18), pages 1-30, September.
    13. Letícia Xander Russo & Joilson Dias, 2016. "The Health Influence On Returns To Education In Brazil: A Nonlinear Approach," Anais do XLII Encontro Nacional de Economia [Proceedings of the 42nd Brazilian Economics Meeting] 200, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    14. repec:zna:indecs:v:19:y:2021:i:4:p:189-209 is not listed on IDEAS
    15. Diego Emilio Linthon-Delgado & Lizethe Berenice Méndez-Heras, 2022. "Descomposición de la brecha salarial de género en el Ecuador," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 17(1), pages 1-25, Enero - M.
    16. Manudeep Bhuller & Magne Mogstad & Kjell G. Salvanes, 2017. "Life-Cycle Earnings, Education Premiums, and Internal Rates of Return," Journal of Labor Economics, University of Chicago Press, vol. 35(4), pages 993-1030.
    17. Chaitali Sinha, 2014. "Human Capital and Public Policy," South Asian Journal of Macroeconomics and Public Finance, , vol. 3(1), pages 79-125, June.
    18. Andini, Corrado, 2009. "How Fast Do Wages Adjust to Human-Capital Productivity? Dynamic Panel-Data Evidence from Belgium, Denmark and Finland," IZA Discussion Papers 4583, IZA Network @ LISER.
    19. Mohitosh Kejriwal & Xiaoxiao Li & Evan Totty, 2020. "Multidimensional skills and the returns to schooling: Evidence from an interactive fixed‐effects approach and a linked survey‐administrative data set," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 35(5), pages 548-566, August.
    20. Oliver Morrissey & Susan Namirembe Kavuma & Richard Upward, 2015. "Private returns to education for wage-employees and the self-employed in Uganda," WIDER Working Paper Series 021, World Institute for Development Economic Research (UNU-WIDER).
    21. Pedro Martins & Jim Jin, 2010. "Firm-level social returns to education," Journal of Population Economics, Springer;European Society for Population Economics, vol. 23(2), pages 539-558, March.
    22. Durdana Qaiser Gillani & Karamat Ali, 2013. "Employment status and earning functions in urban informal sector : A case of Southern Punjab, Pakistan," Pakistan Journal of Applied Economics, Applied Economics Research Centre, vol. 23(2), pages 97-113.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prg:jnlpol:v:2012:y:2012:i:5:id:864:p:563-589. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stanislav Vojir (email available below). General contact details of provider: https://edirc.repec.org/data/uevsecz.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.