Returns to Education in the Public and Private Sectors: Europe and Central Asia

12 Pages Posted: 30 Aug 2022

See all articles by Claudio E. Montenegro

Claudio E. Montenegro

World Bank Group; Universidad de Chile, Economics Department

Harry A. Patrinos

World Bank

Abstract

The returns to schooling are estimated for 28 European and Central Asian countries using the Mincerian function. Our results show that while the public sector pays on average more than the private sector, the effect of education on earnings is stronger in the private sector. However, the returns to tertiary education are higher in the private sector.

Keywords: returns to education, wage differentials, public–private, Europe

JEL Classification: I21, J31

Suggested Citation

Montenegro, Claudio E. and Montenegro, Claudio E. and Patrinos, Harry Anthony, Returns to Education in the Public and Private Sectors: Europe and Central Asia. IZA Discussion Paper No. 15516, Available at SSRN: https://ssrn.com/abstract=4204334 or http://dx.doi.org/10.2139/ssrn.4204334

Claudio E. Montenegro (Contact Author)

World Bank Group ( email )

1818 H. Street, N.W.
MSN3-311
Washington, DC 20433
United States

Universidad de Chile, Economics Department

Diagonal Paraguay 257
Torre 26, Of. 1801
Santiago
Chile

Harry Anthony Patrinos

World Bank ( email )

1818 H Street NW
Washington, DC 20433
United States

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