EconPapers    
Economics at your fingertips  
 

Return to education in Vietnam during the recent transformation

Tinh Doan and John Gibson

International Journal of Education Economics and Development, 2012, vol. 3, issue 4, 314-329

Abstract: A common phenomenon about transition economies is that the return to schooling improves as economic reform progresses. Existing evidence suggests that Vietnam is not an exception to the pattern. However, the rate of return for the period 1992 to 1998 is still low relative to that of the world and of other transitional economies. To provide up-to-date estimates of the return and to test whether the return to schooling in Vietnam is rising and reaches other transitional economies' rate of return, we re-examine the return in Vietnam from 1998 until before the current global economic crisis when the reforms have had a longer time to have an effect. We apply the OLS and Heckman selection estimators and find that the return has increased quickly during the later economic reform period but its pace has slowed down when the return reached the global average rate.

Keywords: economic transition; schooling returns; Heckman correction; James Heckman; selection bias; Vietnam; transition economies; economic reforms; transitional economies; OLS; ordinary least squares; linear regression; selection estimators; return rates; education economics; educational development. (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
http://www.inderscience.com/link.php?id=52322 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijeded:v:3:y:2012:i:4:p:314-329

Access Statistics for this article

More articles in International Journal of Education Economics and Development from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().

 
Page updated 2025-03-19
Handle: RePEc:ids:ijeded:v:3:y:2012:i:4:p:314-329