Private Returns to Education in Belgium: an Empirical Note
In this note, we present new econometric estimates of the (private) rate of return to education in Belgium. Our estimates of the return to education lie around 6.5% to 6.8% following model specifications. Our estimations of classical Mincerian earning functions also highlight the potential existence of a screening/signalling process in the Belgian labour market, as the rate of return in the private sector is lower than in the public sector, and as the self-employed workers do not seem to benefit from their prior schooling. The results confirm previous estimates on the Belgian labour maket by N... Mehr ...
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Dokumenttyp: | workingPaper |
Erscheinungsdatum: | 2017 |
Schlagwörter: | Economie / Human Capital / Skills / Occupational Choice / Labor Productivity / J24 / Wage Level and Structure / Wage Differentials / J31 / Returns / Education / Wages / Screening / Signalling |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-28957384 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://hdl.handle.net/2013/ULB-DIPOT:oai:dipot.ulb.ac.be:2013/258638 |
In this note, we present new econometric estimates of the (private) rate of return to education in Belgium. Our estimates of the return to education lie around 6.5% to 6.8% following model specifications. Our estimations of classical Mincerian earning functions also highlight the potential existence of a screening/signalling process in the Belgian labour market, as the rate of return in the private sector is lower than in the public sector, and as the self-employed workers do not seem to benefit from their prior schooling. The results confirm previous estimates on the Belgian labour maket by Nonneman and Cortens (1995). ; info:eu-repo/semantics/published