Berechnung von Bildungsrenditen mit Hilfe simulierter Längsschnittanalysen

Helmut Wienert

Chapter 14 in List Forum Band 32, 2006, vol. 4, pp 265-278 from List Gesellschaft e.V.

Abstract: In this paper education yields based on monthly net income data are calculated. Based on average income data, the present value of costs and yields on education is estimated. The results show, compared to the income of unskilled workers, a surprisingly high yield of 50% for non-academic apprenticeship, while the yield for academic education is 13,5% for universities of applied sciences and 9,7% for a PhD. Given these results, standard MINCER-equations with constant yields per additional year of education appear to be misspecified. Even if apprentices had to pay € 500 per month, yield would stay around 15%. A calculated simulation of tuition fees displays that the currently envisaged fee of € 500 per semester will reduce yields on education only lightly by 0,5 to 0,9 percentage points. However, more cost-oriented fees of € 5.000 per semester would reduce yields by 5%, resulting in a significantly lower attractiveness of aca-demic education.(Original text only available in german language)

Date: 2006
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