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Quantile Estimates for Social Returns to Education in Turkey: 2006-2009

Author

Listed:
  • Bakis, Ozan

    (TUSIAD-Sabanci University Competitiveness Forum)

  • Davutyan, Nurhan

    (Kadir Has University, Dept. of Int’l. Trade and Finance)

  • Levent, Haluk

    (Galatasaray University Economic Research Center)

  • Polat, Sezgin

    (Galatasaray University Economic Research Center)

Abstract

Augmenting a Mincerian earnings function with regional data we estimate both private and external returns to education in Turkey using Instrumental Variables, Ordinary Least Squares, Quantile Regression and Instrumental Variables Quantile Regression methods. Our results indicate a median external return between 1.5% and 2.3% for 2006-2009. There is some evidence supporting the skill-biased technical change hypothesis. External returns are uniformly higher for women. We point out some policy implications.

Suggested Citation

  • Bakis, Ozan & Davutyan, Nurhan & Levent, Haluk & Polat, Sezgin, 2013. "Quantile Estimates for Social Returns to Education in Turkey: 2006-2009," GIAM Working Papers 13-10, Galatasaray University Economic Research Center.
    • Handle: RePEc:ris:giamwp:2013_010
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    References listed on IDEAS

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    1. Aysit Tansel & Fatma Bircan Bodur, 2012. "Wage Inequality and Returns to Education in Turkey: A Quantile Regression Analysis," Review of Development Economics, Wiley Blackwell, vol. 16(1), pages 107-121, February.
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    4. Gun Sundberg, 2001. "A note to Jaume Puig Junoy and Angel Lopez Nicolas, Assessing health care infrastructure at the regional level: a statistical approach. Applied Economics Letters, 1995, 2, 463-6," Applied Economics Letters, Taylor & Francis Journals, vol. 8(3), pages 209-209.
    5. Joshua D. Angrist & Jörn-Steffen Pischke, 2009. "Mostly Harmless Econometrics: An Empiricist's Companion," Economics Books, Princeton University Press, edition 1, number 8769.
    6. Filiztekin, Alpay, 2011. "Social returns to education in a developing country," MPRA Paper 35124, University Library of Munich, Germany.
    7. Aysit Tansel & Fatma Bircan Bodur, 2012. "Wage Inequality and Returns to Education in Turkey: A Quantile Regression Analysis," Review of Development Economics, Wiley Blackwell, vol. 16(1), pages 107-121, February.
    8. Galvao Jr, A. F. & Montes-Rojas, G., 2009. "Instrumental variables quantile regression for panel data with measurement errors," Working Papers 09/06, Department of Economics, City University London.
    9. Ozkan Eren, 2009. "Ability, Schooling Inputs and Earnings: Evidence from the NELS," Working Papers 0906, University of Nevada, Las Vegas , Department of Economics, revised Aug 2009.
    10. Matthew Shumway, 2006. "Amenities and Rural Development: Theory, Methods and Public Policy – Edited by G. P. Green, S. C. Deller, and D. W. Marcouiller," Papers in Regional Science, Wiley Blackwell, vol. 85(3), pages 473-475, August.
    11. STRAWINSKI Pawel, 2009. "External Return to Education in Europe," IRISS Working Paper Series 2009-09, IRISS at CEPS/INSTEAD.
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    Cited by:

    1. Ayça Akarçay Gürbüz & Sezgin Polat, 2016. "Public--private wage differentials in Turkey: public policy or market dynamics?," International Review of Applied Economics, Taylor & Francis Journals, vol. 30(3), pages 326-356, May.
    2. Polat, Sezgin, 2016. "Some Economic Consequences of Higher Education Expansion in Turkey," MPRA Paper 72602, University Library of Munich, Germany.

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    More about this item

    Keywords

    human capital; externalities; returns to education; instrumental quantile regression; growth;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • I20 - Health, Education, and Welfare - - Education - - - General
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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