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Evolution of Private Returns to Tertiary Education During Transition
Tjaša Bartolj
Ales Ahcan
Aljoša Feldin
Saao Polanec
Sašo Polanec
其他書名
Evidence from Slovenia
出版
SSRN
, 2012
URL
http://books.google.com.hk/books?id=bWEClQEACAAJ&hl=&source=gbs_api
註釋
This paper analyzes the evolution of private returns to tertiary education during the period of transition from a socialist to a market economy using the personal income tax data of all Slovenian workers employed between 1994 and 2008. We document a rich interplay between supply and demand in the labor markets of high school and university graduates. We show that, in spite of significant increases in the labor supply, the demand for university graduates dominated and increased the rates of return in the early period of transition (1994-2001), while in the later period (2001-2008) the opposite was the case. We also provide evidence on considerable heterogeneity in the rates of return between genders, levels, and fields of study, with particularly large (low) returns to the fields that were suppressed (favored) during socialism. These initial differences in returns have, however, gradually declined.
