Returns to education across Europe
Glocker, Daniela ;  Steiner, Viktor ;  ;  Universität <Berlin, Freie Universität> / Fachbereich Wirtschaftswissenschaft

Main titleReturns to education across Europe
Subtitlea comparative analysis for selected EU countries
AuthorGlocker, Daniela
AuthorSteiner, Viktor
EditorUniversität <Berlin, Freie Universität> / Fachbereich Wirtschaftswissenschaft
No. of Pages31 S.
Series ; 2011,15 : Economics
KeywordsReturns to education; unemployment; EU-SILC
Classification (DDC)331 Labor economics
AbstractIncentives to invest in higher education are affected by both the direct wage
effect of human capital investments and the indirect wage effect resulting from lower
unemployment risks and shorter spells in unemployment associated with higher
educated. We analyse the returns to education in Austria, Germany, Italy, Sweden
and the United Kingdom, countries which differ significantly regarding both their
education systems and labour market structure. We estimate augmented Mincerian
wage equations accounting for the effects of unemployment on individual wages using
EU-SILC data. Across countries we find a high variation of the effect of education
on unemployment duration. Overall, the returns to education are estimated to be
the highest in the UK, and the lowest for Sweden. A wage decrease due to time
spent in unemployment results in a decline in the hourly wages in Austria, Germany
and Italy.
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FU DepartmentDepartment Business and Economics
Other affiliation(s)Lehrstuhl für Volkswirtschaftslehre, insb. Empirische Wirtschaftsforschung
Year of publication2011
Type of documentBook
Terms of use/Rights Nutzungsbedingungen
Created at2011-09-21 : 10:54:43
Last changed2016-01-05 : 02:38:25
Static URLhttp://edocs.fu-berlin.de/docs/receive/FUDOCS_document_000000011805