Private Returns to Levels of Education in Turkey: Evidence from Panel Data
Along with the emergence of the concept of human capital, therehas been an increase in research on the economic contribution of education. Oneof the most important reasons to invest in education is wage differentials. Butthere are many direct and indirect, private and social contributions ofeducatio...
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Ankara University
2020-04-01
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| Series: | Ankara Üniversitesi Eğitim Bilimleri Fakültesi Dergisi |
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| Online Access: | https://dergipark.org.tr/tr/download/article-file/1036531 |
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| author | Merve Kurt Erdal Gümüş |
| author_facet | Merve Kurt Erdal Gümüş |
| author_sort | Merve Kurt |
| collection | DOAJ |
| description | Along with the emergence of the concept of human capital, therehas been an increase in research on the economic contribution of education. Oneof the most important reasons to invest in education is wage differentials. Butthere are many direct and indirect, private and social contributions ofeducation. Because of these reasons demand for education has been increasing.There are different stages of education from primary education to highereducation and each education level has a different economic return. Therefore,the main purpose of this study is to investigate whether there is a positiverelationship between education and wage income and whether the rate of returnto education vary for different levels of education. This study uses Income andLiving Conditions Survey Panel Dataset provided by the Turkish StatisticalInstitute covering from years 2008-2011 and 2012-2015 and employs paneleconometric methods, considering the endogeneity problem, to estimate bothprivate returns to education and each level of education. The study concludesthat increases in educational level affect the income levels in the samedirection but at different rates. |
| format | Article |
| id | doaj-art-157239b79c9341ce86783b266b359ddf |
| institution | Kabale University |
| issn | 1301-3718 |
| language | English |
| publishDate | 2020-04-01 |
| publisher | Ankara University |
| record_format | Article |
| series | Ankara Üniversitesi Eğitim Bilimleri Fakültesi Dergisi |
| spelling | doaj-art-157239b79c9341ce86783b266b359ddf2025-01-29T09:14:22ZengAnkara UniversityAnkara Üniversitesi Eğitim Bilimleri Fakültesi Dergisi1301-37182020-04-015318711610.30964/auebfd.53124345Private Returns to Levels of Education in Turkey: Evidence from Panel DataMerve Kurt0https://orcid.org/0000-0002-3903-5505Erdal Gümüş1https://orcid.org/0000-0002-8593-9265ESKİŞEHİR OSMANGAZİ ÜNİVERSİTESİ, SOSYAL BİLİMLER ENSTİTÜSÜESKİŞEHİR OSMANGAZİ ÜNİVERSİTESİ, İKTİSADİ VE İDARİ BİLİMLER FAKÜLTESİ, MALİYE BÖLÜMÜAlong with the emergence of the concept of human capital, therehas been an increase in research on the economic contribution of education. Oneof the most important reasons to invest in education is wage differentials. Butthere are many direct and indirect, private and social contributions ofeducation. Because of these reasons demand for education has been increasing.There are different stages of education from primary education to highereducation and each education level has a different economic return. Therefore,the main purpose of this study is to investigate whether there is a positiverelationship between education and wage income and whether the rate of returnto education vary for different levels of education. This study uses Income andLiving Conditions Survey Panel Dataset provided by the Turkish StatisticalInstitute covering from years 2008-2011 and 2012-2015 and employs paneleconometric methods, considering the endogeneity problem, to estimate bothprivate returns to education and each level of education. The study concludesthat increases in educational level affect the income levels in the samedirection but at different rates.https://dergipark.org.tr/tr/download/article-file/1036531returns to educationhuman capitalpanel econometricseğitimin getirileribeşeri sermayepanel ekonometris |
| spellingShingle | Merve Kurt Erdal Gümüş Private Returns to Levels of Education in Turkey: Evidence from Panel Data Ankara Üniversitesi Eğitim Bilimleri Fakültesi Dergisi returns to education human capital panel econometrics eğitimin getirileri beşeri sermaye panel ekonometris |
| title | Private Returns to Levels of Education in Turkey: Evidence from Panel Data |
| title_full | Private Returns to Levels of Education in Turkey: Evidence from Panel Data |
| title_fullStr | Private Returns to Levels of Education in Turkey: Evidence from Panel Data |
| title_full_unstemmed | Private Returns to Levels of Education in Turkey: Evidence from Panel Data |
| title_short | Private Returns to Levels of Education in Turkey: Evidence from Panel Data |
| title_sort | private returns to levels of education in turkey evidence from panel data |
| topic | returns to education human capital panel econometrics eğitimin getirileri beşeri sermaye panel ekonometris |
| url | https://dergipark.org.tr/tr/download/article-file/1036531 |
| work_keys_str_mv | AT mervekurt privatereturnstolevelsofeducationinturkeyevidencefrompaneldata AT erdalgumus privatereturnstolevelsofeducationinturkeyevidencefrompaneldata |