Private Returns to Education in Belgium: an Empirical Note

Jean-Luc De Meulemeester and Denis Rochat

No 17-023, Working Papers CEB from ULB -- Universite Libre de Bruxelles

Abstract: In this note, we present new econometric estimates of the (private) rate of return to education in Belgium. Our estimates of the return to education lie around 6.5% to 6.8% following model specifications. Our estimations of classical Mincerian earning functions also highlight the potential existence of a screening/signalling process in the Belgian labour market, as the rate of return in the private sector is lower than in the public sector, and as the self-employed workers do not seem to benefit from their prior schooling. The results confirm previous estimates on the Belgian labour maket by Nonneman and Cortens (1995).

Keywords: Returns; Education; Wages; Screening; Signalling (search for similar items in EconPapers)
JEL-codes: J24 J31 (search for similar items in EconPapers)
Date: 2017-10-09
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