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Returns to Education in the Public and Private Sectors: Europe and Central Asia

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  • Patrinos, Harry
  • Montenegro, Claudio

Abstract

The returns to schooling are estimated for 28 European and Central Asian countries using the Mincerian function. Our results show that while the public sector pays on average more than the private sector, the effect of education on earnings is stronger in the private sector. However, the returns to tertiary education are higher in the private sector.

Suggested Citation

  • Patrinos, Harry & Montenegro, Claudio, 2022. "Returns to Education in the Public and Private Sectors: Europe and Central Asia," MPRA Paper 114206, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:114206
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    Cited by:

    1. Cristina Pita & Ramón J. Torregrosa, 2023. "The Education-Job Satisfaction Paradox in the Public Sector," Public Organization Review, Springer, vol. 23(4), pages 1717-1735, December.

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    More about this item

    Keywords

    returns to education; wage differentials; public–private; Europe;
    All these keywords.

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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