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Increasing social returns to human capital: evidence from Hungarian regions

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  • László Czaller

Abstract

Increasing social returns to human capital: evidence from Hungarian regions. Regional Studies. Using individual-level data from 2002 to 2008, this paper estimates augmented Mincerian wage equations to analyze social returns to human capital in Hungary. The results show that geographically localized human capital externalities have a strong productivity effect on the wages of local workers, but the strength of this effect falls short of the private returns. A one-year increase in the average schooling of the local labour force has a 3% average external effect on the wages of local workers.

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  • László Czaller, 2017. "Increasing social returns to human capital: evidence from Hungarian regions," Regional Studies, Taylor & Francis Journals, vol. 51(3), pages 467-477, March.
    • Handle: RePEc:taf:regstd:v:51:y:2017:i:3:p:467-477
    DOI: 10.1080/00343404.2015.1112898
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    Cited by:

    1. Valerio Mendoza, Octasiano Miguel & Borsi, Mihály Tamás & Comim, Flavio, 2022. "Human capital dynamics in China: Evidence from a club convergence approach," Journal of Asian Economics, Elsevier, vol. 79(C).
    2. Cui, Ying & Martins, Pedro S., 2021. "What drives social returns to education? A meta-analysis," World Development, Elsevier, vol. 148(C).

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