Returns to Education in the Czech Republic
|Author:||Mgr. Zuzana Bělíková|
|Year:||2009 - summer|
|Leaders:|| doc. Ing. Vladislav Flek CSc.
|Work type:|| EEI & EP
|Awards and prizes:||M.A. with distinction from the Dean of the Faculty of Social Sciences for an excellent state-final examination performance.|
|Abstract:||This thesis provides updated estimates of Czech private returns to education using data on employees from a household survey EU-SILC 2007. Two closely related issues are addressed. Firstly, the signaling hypothesis is tested to distinguish between standard human capital theory and signaling model regarding the effect of education on future earnings. Secondly, the thesis aspires to engage in the ongoing discussion concerning high school/university wage gap. Methodological basis utilizes regression analysis of Mincerian log-wage equations. Return to a year of schooling is 8.5 percent, which somewhat exceeds the OECD average. It seems that the pattern of private returns to education was stable in late transition. No evidence was found supporting the hypothesis that education contains signaling value. Degrees from post-secondary schools offer relatively high wage premia compared to high school diplomas, which may be the motivation behind oversubscription to Czech public universities.|
|Downloadable:|| Diploma Thesis of Bělíková