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Private Returns to Education in Belgium: an Empirical Note

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  • Jean Luc De Meulemeester
  • Denis Rochat

Abstract

In this note, we present new econometric estimates of the (private) rate of return to education in Belgium. Our estimates of the return to education lie around 6.5% to 6.8% following model specifications. Our estimations of classical Mincerian earning functions also highlight the potential existence of a screening/signalling process in the Belgian labour market, as the rate of return in the private sector is lower than in the public sector, and as the self-employed workers do not seem to benefit from their prior schooling. The results confirm previous estimates on the Belgian labour maket by Nonneman and Cortens (1995).

Suggested Citation

  • Jean Luc De Meulemeester & Denis Rochat, 2017. "Private Returns to Education in Belgium: an Empirical Note," Working Papers CEB 17-023, ULB -- Universite Libre de Bruxelles.
    • Handle: RePEc:sol:wpaper:2013/258638
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    More about this item

    Keywords

    Returns; Education; Wages; Screening; Signalling;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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