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Returns to Education in European Emerging Markets: A Meta-Analytic Review

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  • Horie, Norio
  • Iwasaki, Ichiro
  • 岩﨑, 一郎

Abstract

In this paper, we perform a meta-analysis of 1599 estimates extracted from 69 previous studies to identify time-series changes in returns to education in 20 European emerging markets. We also examine possible difference in returns to education across the region. A meta-synthesis of collected estimates suggests a decreasing trend over time in returns to education in European emerging markets as a whole. Synthesis results also indicate that the western part of the region tends to have higher returns to education than the eastern part. Both the meta-regression analysis of literature heterogeneity and the test for publication selection bias produced findings that are highly consistent with the meta-synthesis results.

Suggested Citation

  • Horie, Norio & Iwasaki, Ichiro & 岩﨑, 一郎, 2022. "Returns to Education in European Emerging Markets: A Meta-Analytic Review," RRC Working Paper Series 95, Russian Research Center, Institute of Economic Research, Hitotsubashi University.
    • Handle: RePEc:hit:rrcwps:95
    Note: This paper is substantially revised version of Horie and Iwasaki (2021).
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    More about this item

    Keywords

    return to education; wages; meta-analysis; publication selection bias; European emerging markets;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • I26 - Health, Education, and Welfare - - Education - - - Returns to Education
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • P23 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Factor and Product Markets; Industry Studies; Population
    • P36 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Consumer Economics; Health; Education and Training; Welfare, Income, Wealth, and Poverty

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