IDEAS home Printed from https://ideas.repec.org/a/taf/pocoec/v25y2013i3p407-424.html
   My bibliography  Save this article

Evolution of private returns to tertiary education during transition: evidence from Slovenia

Author

Listed:
  • Tjaša Bartolj
  • Aleš AhCan
  • Aljoša Feldin
  • Sašo Polanec

Abstract

This article analyses 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 labour markets of high school and university graduates. We show that, in spite of significant increases in the labour supply, the demand for university graduates outweighed this and increased the rates of return in the early period of transition (1994--2001), while in the later period (2001--08) the opposite was the case. We also provide evidence of considerable heterogeneity in rates of return between genders, levels and fields of study, with particularly large (low) returns to the fields that were suppressed (favoured) during socialism. These initial differences in returns have, however, gradually declined.

Suggested Citation

  • Tjaša Bartolj & Aleš AhCan & Aljoša Feldin & Sašo Polanec, 2013. "Evolution of private returns to tertiary education during transition: evidence from Slovenia," Post-Communist Economies, Taylor & Francis Journals, vol. 25(3), pages 407-424, September.
    • Handle: RePEc:taf:pocoec:v:25:y:2013:i:3:p:407-424
    DOI: 10.1080/14631377.2013.813147
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/14631377.2013.813147
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/14631377.2013.813147?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. Joshua D. Angrist & Alan B. Krueger, 1991. "Estimating the Payoff to Schooling Using the Vietnam-era Draft Lottery," Working Papers 670, Princeton University, Department of Economics, Industrial Relations Section..
    2. Livanos, Ilias & Pouliakas, Konstantinos, 2008. "Returns to education by academic discipline in the Greek labour market," MPRA Paper 14159, University Library of Munich, Germany.
    3. Kevin J Denny & Colm P Harmon, 2000. "Education Policy Reform and the Return to Schooling from Instrumental Variables," Working Papers 200012, School of Economics, University College Dublin.
    4. Colm Harmon & Hessel Oosterbeek & Ian Walker, 2000. "The returns to education : a review of evidence, issues and deficiencies in the literature," Open Access publications 10197/670, School of Economics, University College Dublin.
    5. Strawinski, Pawel, 2008. "Changes in return to higher education in Poland 1998-2005," MPRA Paper 9533, University Library of Munich, Germany.
    6. Romina Boarini & Hubert Strauss, 2007. "The Private Internal Rates of Return to Tertiary Education: New Estimates for 21 OECD Countries," OECD Economics Department Working Papers 591, OECD Publishing.
    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. Santiago Bonilla & Sašo Polanec, 2021. "Organizational Hierarchies in the Slovenian Manufacturing Sector," Eastern European Economics, Taylor & Francis Journals, vol. 59(6), pages 571-596, November.
    2. Jelena Žarković Rakić & Gorana Krstić & Nermin Oruč & Will Bartlett, 2019. "Income Inequality In Transition Economies: A Comparative Analysis Of Croatia, Serbia And Slovenia," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 64(223), pages 39-60, October –.
    3. Leszek Wincenciak, 2019. "Evolution of private returns to schooling over the business cycle in a transition economy," Working Papers 2019-19, Faculty of Economic Sciences, University of Warsaw.
    4. Józef Dziechciarz, 2015. "Measurement of Rate of Return in Education. Research Directions," Proceedings of FIKUSZ 2015, in: Jolán Velencei (ed.),Proceedings of FIKUSZ '15, pages 39-56, Óbuda University, Keleti Faculty of Business and Management.

    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. repec:lic:licosd:31412 is not listed on IDEAS
    2. Concetta, MENDOLICCHIO, 2006. "A Disaggregate Analysis of Private Returns to Education in Italy," Discussion Papers (ECON - Département des Sciences Economiques) 2006054, Université catholique de Louvain, Département des Sciences Economiques.
    3. Colm Harmon & Hessel Oosterbeek, 2000. "The Returns to Education: A Review of Evidence, Issues and Deficiencies in the Literature," CEE Discussion Papers 0005, Centre for the Economics of Education, LSE.
    4. Colm Harmon & Hessel Oosterbeek & Ian Walker, 2003. "The Returns to Education: Microeconomics," Journal of Economic Surveys, Wiley Blackwell, vol. 17(2), pages 115-156, April.
    5. Deng, Binbin, 2010. "Schooling and Wage Revisited: Does Higher IQ Really Give You Higher Income?," MPRA Paper 23206, University Library of Munich, Germany.
    6. Storm, Ilse & Uiters, Ellen & Busch, Mirjam C.M. & den Broeder, Lea & Schuit, Albertine J., 2015. "The relevance of work-related learning for vulnerable groups. Dutch case study of a Health Impact Assessment with equity focus," Health Policy, Elsevier, vol. 119(7), pages 915-924.
    7. Anupam Jena & Casey Mulligan & Tomas J. Philipson & Eric Sun, 2008. "The Value of Life in General Equilibrium," NBER Working Papers 14157, National Bureau of Economic Research, Inc.
    8. Bingley Paul & Walker Ian & Zhu Yu, 2005. "Education, Work and Wages in the UK," German Economic Review, De Gruyter, vol. 6(3), pages 395-414, August.
    9. Riedel, Nadine & Schildberg-Hörisch, Hannah, 2013. "Asymmetric obligations," Journal of Economic Psychology, Elsevier, vol. 35(C), pages 67-80.
    10. Michaelsen, Maren M., 2011. "The Hidden Increase in Wage Inequality: Skill-biased and Ability-biased Technological Change," Ruhr Economic Papers 262, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    11. Lang, Kevin, 1993. "Ability Bias, Discount Rate Bias and the Return to Education," MPRA Paper 24651, University Library of Munich, Germany.
    12. Anna Vignoles & Fernando Galindo‐Rueda & Leon Feinstein, 2004. "The Labour Market Impact of Adult Education and Training: A Cohort Analysis," Scottish Journal of Political Economy, Scottish Economic Society, vol. 51(2), pages 266-280, May.
    13. Kevin Denny & Colm Harmon, 2000. "The impacts of education and training on the labour market experiences of young adults," Open Access publications 10197/731, School of Economics, University College Dublin.
    14. Claudia Goldin & Lawrence F. Katz, 2002. "The Power of the Pill: Oral Contraceptives and Women's Career and Marriage Decisions," Journal of Political Economy, University of Chicago Press, vol. 110(4), pages 730-770, August.
    15. repec:zbw:rwirep:0262 is not listed on IDEAS
    16. Meghir, Costas & Palme, Marten, 2001. "The Effect of a Social Experiment in Education," SSE/EFI Working Paper Series in Economics and Finance 0451, Stockholm School of Economics.
    17. Eva Deuchert & Martin Huber, 2017. "A Cautionary Tale About Control Variables in IV Estimation," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 79(3), pages 411-425, June.
    18. Joshua D. Angrist & Guido W. Imbens & D.B. Rubin, 1993. "Identification of Causal Effects Using Instrumental Variables," NBER Technical Working Papers 0136, National Bureau of Economic Research, Inc.
    19. Arkhipova, Marina & Egorov, Alexey & Sirotin, Viacheslav, 2017. "Returns to schooling in Russia and Ukraine: Comparative analysis," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 47, pages 100-122.
    20. Rosenzweig, Mark & Udry, Christopher, 2016. "External Validity in a Stochastic World," Center Discussion Papers 242440, Yale University, Economic Growth Center.
    21. Dominik Buttler, 2022. "Empiryczna rewolucja. Nagroda Banku Szwecji im. Alfreda Nobla w 2021 r.: David Card, Joshua Angrist, Guido Imbens," Ekonomista, Polskie Towarzystwo Ekonomiczne, issue 1, pages 114-126.
    22. Darragh Flannery & Cathal O’Donoghue, 2011. "The Life-cycle Impact of Alternative Higher Education Finance Systems in Ireland," The Economic and Social Review, Economic and Social Studies, vol. 42(3), pages 237-270.

    More about this item

    Statistics

    Access and download statistics

    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:taf:pocoec:v:25:y:2013:i:3:p:407-424. 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CPCE20 .

    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.