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A Premium for a Degree in Engineering: An Estimation of Returns to the Field-Specific Education in Russia

Author

Listed:
  • Denisova, Irina

    (CEFIR, Moscow, Russia)

  • Kartseva, Marina

    (CEFIR, Moscow, Russia)

Abstract

We study variation in returns to five groups of majors — pedagogic, engineering, law or economics, humanities and medicine — in terms of wage and employment stability based on The Russian Longitudinal Monitoring Survey. We find a significant variation in returns to majors with the highest positive wage premiums in engineering, for both males and females, and to higher and secondary degree holders. The year of graduation turns out to be statistically insignificant implying that the «new» degrees are not systematically better or worse than the «old» ones

Suggested Citation

  • Denisova, Irina & Kartseva, Marina, 2007. "A Premium for a Degree in Engineering: An Estimation of Returns to the Field-Specific Education in Russia," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 5(1), pages 30-57.
    • Handle: RePEc:ris:apltrx:0081
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    References listed on IDEAS

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    1. Hans Heijke & Christoph Meng & Ger Ramaekers, 2003. "An investigation into the role of human capital competences and their pay‐off," International Journal of Manpower, Emerald Group Publishing Limited, vol. 24(7), pages 750-773, November.
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    6. Montmarquette, Claude & Cannings, Kathy & Mahseredjian, Sophie, 2002. "How do young people choose college majors?," Economics of Education Review, Elsevier, vol. 21(6), pages 543-556, December.
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Russia Growth Diagnostics (4): Human Capital
      by Anton Tarasenko in Economics and Development on 2015-08-19 16:13:58

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    Cited by:

    1. Zamnius, Alexey & Polbin, Andrey, 2021. "Estimating intertemporal elasticity of substitution of labor supply for married women in Russia," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 64, pages 23-48.
    2. Melnikov, Roman, 2018. "Evaluation of economic consequences of the choice of educational field in modern Russian conditions," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 49, pages 30-56.
    3. Rudakov, Victor & Figueiredo, Hugo & Teixeira, Pedro N. & Roshchin, Sergey, 2019. "The Impact of Horizontal Job-Education Mismatches on the Earnings of Recent University Graduates in Russia," IZA Discussion Papers 12407, Institute of Labor Economics (IZA).
    4. Vakulenko, Elena & Leukhin, Roman, 2017. "Wage discrimination against foreign workers in Russia," Russian Journal of Economics, Elsevier, vol. 3(1), pages 83-100.

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    More about this item

    Keywords

    Education; Employment; Labor; Wage; Wage premium;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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