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CHANGES IN RETURN TO HIGHER EDUCATION IN POLAND 1998-2004

Pawel Strawinski ()

MPRA Paper from University Library of Munich, Germany

Abstract: In the article private rate of return to higher education in the 1998-2004 period is considered. The model is based on comparative advantage theory and extended Mincerian wage equation. The extension is made to account for non-random decision to undertake studies at university level. The estimate of private rate of return in Poland is roughly 9.5%, and it is among the highest in Europe. In addition, the unexpected rise in rate of return is observed. This change has been linked to labour market transformation and Skill Bias Technological Change phenomenon. Also the influence of financing tertiary education is considered. The rate of return to higher education has risen and graduation has positively affected the obtained wages.

Keywords: Return to education; private returns; skill biased technical change; sample selection (search for similar items in EconPapers)
JEL-codes: I22 (search for similar items in EconPapers)
Date: 2007-08-15
New Economics Papers: this item is included in nep-edu, nep-eec, nep-hrm, nep-lab, nep-sog and nep-tra
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