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Evaluation of economic consequences of the choice of educational field in modern Russian conditions

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  • Melnikov, Roman

    (Russian Presidential Academy of National Economy and Public Administration, Moscow, Russian Federation;)

Abstract

The author reveals the efficient choices of fields of professional education by criteria of expected return and risk and studies the nonmaterial consequences of educational investments in modern Russian conditions. The risk indicators of educational investments reflecting the labor income volatility and the probability of earning unacceptably low incomes are estimated. The advantages of obtaining a degree in the field of computer science are demonstrated.

Suggested Citation

  • 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.
  • Handle: RePEc:ris:apltrx:0336
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    choice of educational field; human capital investment risks; return on higher and secondary vocational education; nonmaterial aspects of professional activity.;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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