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Autor
Jabłonowski Janusz (SGH Warsaw School of Economics, Warsaw, Poland)
Tytuł
Internal Rate of Return on Investment in Higher Education in Europe
Źródło
Wroclaw Review of Law, Administration & Economics, 2021, vol. 11, nr 1, s. 1-19, bibliogr. 22 poz.
Słowa kluczowe
Edukacja, Edukacja europejska, Stopa zwrotu
Education, European education, Rate of return
Uwagi
Klasyfikacja JEL: C83, I26, J24, O12
summ.
Abstrakt
The study aims to update the well-settled issue in literature of rate of return on investment in higher education in Europe. The proposed approach slightly modifies the existing methodology based on the Mincer equation, using an updated set of data for the period 2014-2016 from the European Central Bank's 'Household Finance and Consumption Survey'. The results obtained, ranging between 13% and 21%, are higher compared to historical records for the years 1996-2013. As for the microeconometric estimates of the Mincer-type equation, they are sound and comparable, although showing higher margins in relation to the recent figures. Thus, they may suggest an increasing trend in valuation and importance of human capital based on high school degree, especially for the Central-Eastern European Union countries, resulting probably from rapid economic and cultural convergence.(original abstract)
Pełny tekst
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Bibliografia
Pokaż
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Cytowane przez
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ISSN
2084-1264
Język
eng
URI / DOI
https://doi.org/10.2478/wrlae-2021-0010
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