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Evaluation of economic consequences of the choice of educational field in modern Russian conditions

Roman Melnikov

Applied Econometrics, 2018, vol. 49, 30-56

Abstract: The author reveals the efficient choices of fields of professional education by criteria of expected return and risk and studies the nonmaterial consequences of educational investments in modern Russian conditions. The risk indicators of educational investments reflecting the labor income volatility and the probability of earning unacceptably low incomes are estimated. The advantages of obtaining a degree in the field of computer science are demonstrated.

Keywords: choice of educational field; human capital investment risks; return on higher and secondary vocational education; nonmaterial aspects of professional activity. (search for similar items in EconPapers)
JEL-codes: C51 I21 J24 (search for similar items in EconPapers)
Date: 2018
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