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A Premium for a Degree in Engineering: An Estimation of Returns to the Field-Specific Education in Russia

Irina Denisova () and Marina Kartseva ()
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Marina Kartseva: CEFIR, Moscow, Russia

Applied Econometrics, 2007, vol. 5, issue 1, 30-57

Abstract: We study variation in returns to five groups of majors — pedagogic, engineering, law or economics, humanities and medicine — in terms of wage and employment stability based on The Russian Longitudinal Monitoring Survey. We find a significant variation in returns to majors with the highest positive wage premiums in engineering, for both males and females, and to higher and secondary degree holders. The year of graduation turns out to be statistically insignificant implying that the «new» degrees are not systematically better or worse than the «old» ones

Keywords: Education; Employment; Labor; Wage; Wage premium (search for similar items in EconPapers)
JEL-codes: D31 I21 J31 (search for similar items in EconPapers)
Date: 2007
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