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Returns to education: the Greek experience, 1988-1999

[journal article]

Prodromidis, Kyprianos; Prodromidis, Prodromos I.

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Abstract The paper provides estimates of private rates of return to education in Greece derived from Mincerian-type earnings equations. The data come from the latest three household surveys of the country covering the 1988-1999 period. The empirical evidence suggests that: rates of return associated with female high school- and university graduates exceed the respective rates for male graduates; rates of return pertaining to tertiary education graduates are increasing over time, whereas the corresponding rates for secondary edu-cation graduates follow an inverted U-shaped pattern; and dropouts from any education degree end up with rates of return lower than the rates associated with the immediately preceding education level.
Classification Macroanalysis of the Education System, Economics of Education, Educational Policy
Free Keywords demand for education; earnings equation; private rates of return; productivity; returns to education; wage premium; work experience
Document language English
Publication Year 2008
Page/Pages p. 1023-1030
Journal Applied Economics, 40 (2008) 8
Status Postprint; peer reviewed
Licence PEER Licence Agreement (applicable only to documents from PEER project)