Evolution of the University Wage Premium in Turkey: 2004-2015

Okan Eren

Working Papers from Research and Monetary Policy Department, Central Bank of the Republic of Turkey

Abstract: This paper presents evidence about the university wage premium in Turkey, and is the first that displays its evolution between 2004 and 2015. The results suggest that a typical university-educated worker in the private sector, on average, earns more than a high school graduate by a factor of 1.5. On the other hand, the wage gap significantly narrows down throughout the period. The main reason behind the observed fall seems to be the rise in relative excess supply of university graduates. In particular, the evolution of university wage premium is shaped by the changes in supply and demand conditions.

Keywords: University wage premium; college wage premium; relative excess supply; relative unemployment. (search for similar items in EconPapers)
JEL-codes: I21 J24 J31 (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-ara
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Persistent link: https://EconPapers.repec.org/RePEc:tcb:wpaper:1808

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