IDEAS home Printed from https://ideas.repec.org/a/kap/itaxpf/v8y2001i4p609-620.html
   My bibliography  Save this article

Returns of Education in the Czech Republic

Author

Listed:
  • Stanislav Klazar
  • Milan Sedmihradský
  • Alena Vančurová

Abstract

Prepared for presentation at the Congress of the International Institute of Public Finance (IIPF) in Seville, Spain, 28–31 August 2000, for the session on the opportunity-equalising effects of fiscal systems. University education is nowadays provided as public goods in the Czech Republic. Due to economic pressure on public finance the trend of the 90s became the internalisation of costs associated with university education. The generally accepted hypothesis is that nowadays the returns from the costs of university education are achieved in a shorter time than before economic transition. Additionally, it is thought that the return on university education is differentiated by professions. We aim to test these hypotheses. That is why the cornerstone of our study is the deeper analysis of the differentiation of selected professions in the current state in comparison to the period before transition. After 1989, due to the economic transition and development of the market economy, wage differentiation accelerated in the Czech Republic. An important factor in differentiation seems to be the level of human capital, represented above all by university education. Education significantly increased the chance of finding a job, as another analysis has proven. However, these positive effects of education have been paid for by considerable monetary and non-monetary costs. The paper provides an economic analysis at the level of an individual and his point of return between costs and revenues from university education. To achieve an exact but still simple analysis we take into account only quantifiable monetary costs and revenues. The calculation of the point of return is done with the use of the construction of a cumulated whole-life income and its interpolation. The analysis uses data for the Czech Republic in 1988 and 1997. Copyright Kluwer Academic Publishers 2001

Suggested Citation

  • Stanislav Klazar & Milan Sedmihradský & Alena Vančurová, 2001. "Returns of Education in the Czech Republic," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 8(4), pages 609-620, August.
    • Handle: RePEc:kap:itaxpf:v:8:y:2001:i:4:p:609-620
    DOI: 10.1023/A:1011232805929
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1023/A:1011232805929
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1023/A:1011232805929?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Wolter Stefan C. & Weber Bernhard A., 1999. "On the Measurement of Private Rates of Return to Education / Ein Ansatz zur Messung privater Bildungsrenditen," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 218(5-6), pages 605-618, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ammermuller, Andreas & Heijke, Hans & Wo[ss]mann, Ludger, 2005. "Schooling quality in Eastern Europe: Educational production during transition," Economics of Education Review, Elsevier, vol. 24(5), pages 579-599, October.
    2. Filer, Randall K. & Münich, Daniel, 2013. "Responses of private and public schools to voucher funding," Economics of Education Review, Elsevier, vol. 34(C), pages 269-285.
    3. Coșciug, Anatolie, 2013. "The Impact of International Student Mobility in Romania," MPRA Paper 99296, University Library of Munich, Germany.
    4. Ammermuller, Andreas & Heijke, Hans & Wo[ss]mann, Ludger, 2005. "Schooling quality in Eastern Europe: Educational production during transition," Economics of Education Review, Elsevier, vol. 24(5), pages 579-599, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Stefan C. Wolter & Stefan Denzler & Bernhard A. Weber, 2003. "Betrachtungen zum Arbeitsmarkt der Lehrer in der Schweiz," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 72(2), pages 305-319.
    2. Florian Birkenfeld, 2008. "Schulleistungen von Maedchen und Jungen. Gleichberechtigung als Bildungsmotor?," Economics of Education Working Paper Series 0019, University of Zurich, Department of Business Administration (IBW).
    3. Simone N. Tuor & Uschi Backes‐Gellner, 2010. "Risk‐return trade‐offs to different educational paths: vocational, academic and mixed," International Journal of Manpower, Emerald Group Publishing Limited, vol. 31(5), pages 495-519, August.
    4. Wolter, Stefan C. & Zbinden, André, 2001. "Rates of Return to Education: The View of Students in Switzerland," IZA Discussion Papers 371, Institute of Labor Economics (IZA).
    5. Zwick Thomas, 2001. "Supply of Human Capital in Times of Skill Biased Technological Change / Die Reaktion des Humankapitalangebots auf qualifikationsverzerrten technischen Fortschritt," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 221(3), pages 322-335, June.
    6. Wolfgang Becker, 1999. "Gesamtwirtschaftlicher Stellenwert der Humankapitalproduktion im Hochschulbereich in Westdeutschland," Discussion Paper Series 187, Universitaet Augsburg, Institute for Economics.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:itaxpf:v:8:y:2001:i:4:p:609-620. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.