Measuring returns to education: the case of Latvia
Measuring returns to education: the case of Latvia
Author(s): Svetlana Saksonova, Kārlis VilertsSubject(s): Education, Labor relations, Present Times (2010 - today), EU-Accession / EU-DEvelopment
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: education finance; financial returns to education; determinants of income; regression analysis;
Summary/Abstract: This paper aims to measure returns to education in Latvia and place them in context of data available in other countries. The goals of this paper are to review the literature on returns to education, highlighting the measurement challenges, and, based on the 2011 labour market survey data, estimate private returns to education in Latvia overall as well as by individual characteristics. The main findings are that returns to education in Latvia are close to the European Union average, but lower than in some emerging markets e.g. Lithuania, and that there are statistically significant differences in returns to education depending on a person’s gender, ethnicity, field of employment and location.
Journal: Analele Ştiinţifice ale Universităţii »Alexandru Ioan Cuza« din Iaşi. Ştiinţe economice
- Issue Year: 62/2015
- Issue No: 2
- Page Range: 251-261
- Page Count: 11
- Language: English