Evolution of private returns to schooling over the business cycle in a transition economy

Leszek Wincenciak

No 2019-19, Working Papers from Faculty of Economic Sciences, University of Warsaw

Abstract: The purpose of this study is twofold. First, it aims to provide the estimates of returns to schooling using consistent methodology and comparable set of data for a relatively long time horizon for a country undergoing economic transition and accession process into European Union, 1995-2017. Secondly, using the Mincer (1974) methodology of wage regressions it aims to verify if returns to schooling are pro-cyclical or counter-cyclical. Returns to schooling are linked to the evolution of unemployment rate on a regional level. Estimated earnings functions suggest that returns to schooling were increasing in Poland until 2006 and declining afterwards unveiling the supply side effects domination. The estimates show that an increase in unemployment rate by 1 percent leads to an increase of return to additional year of schooling roughly by 0.008 percentage points.

Keywords: returns to schooling; education; earnings equation; wage curve; business cycle; transition (search for similar items in EconPapers)
JEL-codes: I26 J24 J31 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2019
New Economics Papers: this item is included in nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.wne.uw.edu.pl/index.php/download_file/5152/ First version, 2019 (application/pdf)

Related works:
Journal Article: Evolution of private returns to schooling over the business cycle in a transition economy (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:war:wpaper:2019-19

Access Statistics for this paper

More papers in Working Papers from Faculty of Economic Sciences, University of Warsaw Contact information at EDIRC.
Bibliographic data for series maintained by Marcin Bąba ().