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EN
The article offers an overview of research reports concerned with financial and non-financial returns on education at the university level depending on the course of study. In the main body of the article, special emphasis is placed on a shift of focus from vertical income disparities-which are at the center of most research reports-to horizontal returns on higher education. This enabled the authors to come up with new research hypotheses. In addition to discussing ideas related to the contemporary determinants of monetary return on education, using an expanded Mincer equation, the authors tackle problems related to different education paths at the university level. Taking into account exclusively financial factors when trying to explain educational decisions is insufficient, according to the authors, which explains why, in their article, they focus extensively on non-financial returns on education. The study shows that the choice of education path cannot be explained properly without considering non-monetary effects, which, according to the estimates made by the authors, are as important as financial ones. Moreover, based on existing research reports and their own analysis of the problem, the authors compiled a list of the most important factors determining non-financial returns on education along with research problems related to them. The presented review of the literature is a basis for building a model explaining educational decisions in choosing a path of study at the university level. Estimates of the structural parameters of such a model are important from the perspective of both a specific agent and state policy, the authors say, for example with regard to the way in which the education system is subsidized and how additional incentives are used to ensure the desired student mix at each course. The authors take into account differences in earnings among graduates from different fields of study and also consider non-monetary returns on education in their analysis. This makes it possible to explain, in a comprehensive manner, the determinants of the decision-making process in education, the authors conclude.
PL
Hipoteza płac efektywnościowych sugeruje wynagrodzenia wyższe niż produktywność pracy na tych rynkach pracy, gdzie pracownicy mają większe bodźce do „bumelowania”. W artykule podjęto próbę empirycznej weryfi kacji występowania płac efektywnościowych w Polsce, korzystając z danych Badania Aktywności Ekonomicznej Ludności (BAEL) za lata 1995–2010. Strategia identyfi kacyjna bazuje na testowaniu własności reszt losowych z równania płac Mincera oszacowanego na danych panelowych, z rozróżnieniem osób zmieniających i niezmieniających pracy. Wyniki dają podstawę, aby potwierdzić stosowanie płac efektywnościowych w Polsce.
EN
The effi ciency wage hypothesis suggests that wages are higher than labour productivity in labour markets where workers may shirk. The paper presents an attempt to verify empirically prevalence of effi ciency wages in Poland. We utilize Labour Force Survey data for the years 1995–2010. Our identifi cation strategy relies on differences in residuals from the Mincer wage regression between movers (i.e. people changing jobs) and stayers (i.e. persons who did not change employment in the observational window). The results provide tentative confi rmation to the prevalence of effi ciency wages in Poland.
RU
Согласно гипотезе эффективной заработной платы, опережение заработной платы по срав нению с производительностью труда имеет место на тех рынках труда, где работ- ники имеют больше стимулов к увиливанию от работы. В статье предпринята попытка эмпириче ской верификации наличия эффективной заработной платы в Польше, поль- зуясь данными исследования экономической активности населения (BAEL) за 1995– 2010 гг. Стратегия идентификации опирается на тестированию характеристик случайных остатков из уравнения заработной платы Минцера, полученных на основе панельных данных и различaя между людьми изменяющими и удерживающими рабочиe места. Резуль таты дают основание подтвердить применение эффективной заработной платы в Польше.
EN
The main aim of the paper is estimation of the Mincer equation parameters for European countries. The Mincer equation describes the impact of years of schooling and the work experience to the wages. The estimates of that equation were obtained using cross-section data for selected European in 2002 and 2010. Obtained results show huge differences returns to education in European countries. It seems that countries with better labor market outcomes can be characterized by lower rates to education. The variation of estimated rates stayed unchanged in analyzed period.
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