LOOKING AT THE DEVELOPMENT OF PRIVATE RETURNS TO EDUCATION IN SLOVAKIA IN THE CONTEXT OF TERTIARY EDUCATION EXPANSION

• Authors: Štefánik Miroslav
• Languages of publication: EN

Abstracts

EN

This article brings figures on the development of private returns to education in Slovakia from 1984 to 2009. We use EU-SILC micro data referring to the period 2004 – 2009 to count the returns to education, using Mincerian regression methodology. The standard formulation of the equation was used to allow comparisons with earlier studies. The development of returns to education is put into the context of recent tertiary education expansion in Slovakia. The results show an initial increase in returns to education between 1984 and 1995, which can be linked to the transition mechanisms. After 1995 the private returns to education in Slovakia remained stable, what means that the tertiary education expansion is not visible when looking at the overall private returns to education in Slovakia.

Keywords

EN

EDUCATION; MINCERIAN REGRESSION; EARNINGS; SLOVAKIA

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2012
• Volume: 60
• Issue: 4
• Pages: 349 – 359

Contributors

author

Štefánik Miroslav

• Ekonomický ústav SAV, Šancová 56, 811 05 Bratislava, Slovak Republic