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QUANTILE ESTIMATES FOR SOCIAL RETURNS TO EDUCATION IN TURKEY: 2006–2009

Ozan Bakis, Nurhan Davutyan (), Haluk Levent () and Sezgin Polat ()
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Haluk Levent: Galatasaray University Economic Research Center, Galatasaray University, Turkey

Middle East Development Journal (MEDJ), 2013, vol. 05, issue 03, 1-23

Abstract: Augmenting a Mincerian earnings function with regional data we estimate both private and external returns to education in Turkey using Instrumental Variables, Ordinary Least Squares, Quantile Regression and Instrumental Variables Quantile Regression methods. Our results indicate a median external return between 1.5% and 2.3% for 2006–2009. There is some evidence supporting the skill-biased technical change hypothesis. External returns are uniformly higher for women. We point out some policy implications.

Keywords: Human capital; externalities; returns to education; instrumental quantile regression; growth (search for similar items in EconPapers)
Date: 2013
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http://www.worldscientific.com/doi/abs/10.1142/S179381201350017X
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Working Paper: Quantile Estimates for Social Returns to Education in Turkey: 2006-2009 (2013)
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DOI: 10.1142/S179381201350017X

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