Evolution of Private Returns to Tertiary Education During Transition: Evidence from Slovenia
34 Pages Posted: 18 Jul 2012
There are 2 versions of this paper
Evolution of Private Returns to Tertiary Education During Transition: Evidence from Slovenia
Evolution of Private Returns to Tertiary Education During Transition: Evidence from Slovenia
Date Written: June 26, 2012
Abstract
This paper analyzes the evolution of private returns to tertiary education during the period of transition from a socialist to a market economy using the personal income tax data of all Slovenian workers employed between 1994 and 2008. We document a rich interplay between supply and demand in the labor markets of high school and university graduates. We show that, in spite of significant increases in the labor supply, the demand for university graduates dominated and increased the rates of return in the early period of transition (1994-2001), while in the later period (2001-2008) the opposite was the case. We also provide evidence on considerable heterogeneity in the rates of return between genders, levels, and fields of study, with particularly large (low) returns to the fields that were suppressed (favored) during socialism. These initial differences in returns have, however, gradually declined.
Keywords: returns to education, tertiary education, fields of study, mincerian regressions
JEL Classification: J24
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
Econometric Methods for Research in Education
By Costas Meghir and Steven G. Rivkin
-
The Polish Wage Inequality Explosion
By Andrew Newell and Mieczyslaw W. Socha
-
By Vincenzo Caponi and Miana Plesca
-
By Gabor Kezdi
-
Estimating Wage Equations for Hungarian Higher-Education Graduates
By Peter Galasi
-
Evolution of Private Returns to Tertiary Education During Transition: Evidence from Slovenia
By Tjaša Bartolj, Ales Ahcan, ...