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Does the Short Supply of College Education Bite?

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  • Stepan Jurajda

Abstract

Czech returns to education are estimated using 2002 data on hourly wages of salaried employees. The return to an additional year of schooling is close to 10% – that is relatively high given the level of economic development and average schooling level. Particularly large is the college/high-school wage gap: it is about 50% higher than in Germany or Austria, which have a similar education structure. This is likely caused by the short supply of tertiary education provided by the funds-starved Czech public colleges.

Suggested Citation

  • Stepan Jurajda, 2003. "Does the Short Supply of College Education Bite?," CERGE-EI Working Papers wp213, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    • Handle: RePEc:cer:papers:wp213
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    References listed on IDEAS

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    Cited by:

    1. Giorgio Brunello & Elena Crivellaro & Lorenzo Rocco, 2012. "Lost in transition?," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 20(4), pages 637-676, October.
    2. Barbara Gebicka, 2010. "College Degree Supply and Occupational Allocation of Graduates the Case of the Czech Republic," CERGE-EI Working Papers wp407, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    3. Tom Coupe & Hanna Vakhitova, 2011. "Recent Dynamics of Returns to Education in Transition Countries," Discussion Papers 39, Kyiv School of Economics.

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    More about this item

    Keywords

    Czech Republic; Returns to Education;

    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • P23 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Factor and Product Markets; Industry Studies; Population

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