Naslov
The Effects of Education on Wages in the Croatian Labour Market

Autori
Bečić, Marija

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Recent Advances in Business Management and Marketing / Ivona Vrdoljak Raguz, Mohamed Roushdy, Ain Shams - : WSEAS Press, 2013, 260-264

ISBN
978-960-474-306-3

Skup
1st International Conference on MANAGEMENT, MARKETING, TOURISM, RETAIL, FINANCE and COMPUTER APPLICATIONS

Mjesto i datum
Dubrovnik, Hrvatska, 25.06.2013. - 27.06.2013

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Croatian labour market; Education; Wage structure; Mincerian regression; Returns to education; Gender differences

Sažetak
The benefits of education have been widely recognised both by the economists and by policy makers around the world. Increased participation in the tertiary education and large expenditure on education provide incentives to determine the value of investment and the most commonly researched is the wage effect of education. High education is usually associated to higher earnings and the purpose of this paper is to explore the effects that education has on wages in the Croatian labour market. Based on data coming from Labour Force Survey, simple Mincerian type of function is used and results suggest that there is 8, 5% of increase in average wage due to additional year of schooling. Furthermore, the coefficient stagnated in the 2005-2010 period, most probably due to the recession. Although having lower earnings in absolute amounts, coefficient for females is slightly higher implying higher return for women, which could reflect reduced earnings inequalities at higher level of education and lower forgone earnings of females.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA