Changes in private returns to education caused by the tertiary education expansion in Slovakia

Miroslav Štefánik

Review of Applied Socio-Economic Research, 2011, vol. 1, issue 2, 167-176

Abstract: This article brings evidence on tertiary education expansion in Slovakia and explores possible effects of this expansion on private returns to education. It focuses particularly on intergenerational differences in private returns to education. The question is whether tertiary education expansion has decreased private returns to education and whether there are differences in the value of education acquired by different generations. European Union Community Statistics on Income and Living Conditions data were used to answer this question. Private returns to education were estimated using a standard Mincerian approach. The value of tertiary education of persons under 45 years old showed to be behaving differently in time than the value of tertiary education of persons aged 45 and older. This development may be caused by the recent tertiary education expansion in Slovakia.

Keywords: private returns to education; tertiary education expansion (search for similar items in EconPapers)
JEL-codes: J18 J31 J38 (search for similar items in EconPapers)
Date: 2011
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