Returns to education: the Greek experience, 1988-1999

Kyprianos Prodromidis and Prodromos Prodromidis

Applied Economics, 2008, vol. 40, issue 8, 1023-1030

Abstract: This article provides estimates of private rates of return to education in Greece derived from Mincerian-type earnings equations. The data come from the latest three household surveys of the country covering the 1988 to 1999 period. The empirical evidence suggests that: rates of return associated with female high school and university graduates exceed the respective rates for male graduates; rates of return pertaining to tertiary education graduates are increasing over time, whereas the corresponding rates for secondary education graduates follow an inverted U-shaped pattern and dropouts from any education degree end up with rates of return lower than the rates associated with the immediately preceding education level.

Date: 2008
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DOI: 10.1080/00036840600771197

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