Does the Short Supply of College Education Bite?

Stepan Jurajda

CERGE-EI Working Papers from The Center for Economic Research and Graduate Education - Economics Institute, Prague

Abstract: Czech returns to education are estimated using 2002 data on hourly wages of salaried employees. The return to an additional year of schooling is close to 10% – that is relatively high given the level of economic development and average schooling level. Particularly large is the college/high-school wage gap: it is about 50% higher than in Germany or Austria, which have a similar education structure. This is likely caused by the short supply of tertiary education provided by the funds-starved Czech public colleges.

Keywords: Czech Republic; Returns to Education (search for similar items in EconPapers)
JEL-codes: J31 P23 (search for similar items in EconPapers)
Date: 2003-07
New Economics Papers: this item is included in nep-tra
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Citations: View citations in EconPapers (3)

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