Returns to education in West Germany: an empirical assessment
This paper analyses the developments in the returns to education in West Germany for the period from 1984 to 1997. Based on simple Mincer-type wage equations, we estimate a return of about 8% for men and 10% for women, and these returns have remained remarkably stable over the period. On the basis o...
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| Format: | Buch |
| Sprache: | English |
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Mannheim
ZEW
[2000]
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| Schriftenreihe: | ZEW, Zentrum für Europäische Wirtschaftsforschung GmbH Discussion paper
2000,04 |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Zusammenfassung: | This paper analyses the developments in the returns to education in West Germany for the period from 1984 to 1997. Based on simple Mincer-type wage equations, we estimate a return of about 8% for men and 10% for women, and these returns have remained remarkably stable over the period. On the basis of more differentiated specifications of wage equations, we find evidence for the presence of cohort effects, in addition to time and lifecycle effects. Furthermore, the analysis shows that the choice of the sample of observation plays a crucial role. Indeed, huge differences exist between part-timers and full-timers, as well as between private and public sectors. Full-time working women have similar returns to schooling than men, and if female returns are declining and have become lower than male returns in the private sector, they are rather increasing and are higher than male ones in the public sector. Moreover, not all education degrees yield the same annual return. If one accounts for the different lengths of studies, the master craftsman degree yields the highest return. However, the estimates proved rather robust towards the specification of the wage equation and the estimation method. |
| Beschreibung: | 29 S. graph. Darst. : 21 cm |
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| 520 | 8 | |a This paper analyses the developments in the returns to education in West Germany for the period from 1984 to 1997. Based on simple Mincer-type wage equations, we estimate a return of about 8% for men and 10% for women, and these returns have remained remarkably stable over the period. On the basis of more differentiated specifications of wage equations, we find evidence for the presence of cohort effects, in addition to time and lifecycle effects. Furthermore, the analysis shows that the choice of the sample of observation plays a crucial role. Indeed, huge differences exist between part-timers and full-timers, as well as between private and public sectors. Full-time working women have similar returns to schooling than men, and if female returns are declining and have become lower than male returns in the private sector, they are rather increasing and are higher than male ones in the public sector. Moreover, not all education degrees yield the same annual return. If one accounts for the different lengths of studies, the master craftsman degree yields the highest return. However, the estimates proved rather robust towards the specification of the wage equation and the estimation method. | |
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Datensatz im Suchindex
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| adam_text | Discussion Paper No. 00 04
Returns to Education in West Germany
An Empirical Assessment
Charlotte Lauer and Viktor Steiner
Die Discussion Papers dtenen einer moglichst schnellcn Verbreitung von
neueren Forschungsarbeiten des ZEW. Die Beitrage hegen in alleiniger Verantwortung
der Autoren und slellen nicht notwendigerweise die Memung des ZEW dar.
Discussion Papers are intended to make results of ZEW research promptly available to other
economists in order to encourage discussion and suggestions for revisions The authors are solelv
responsible for the contents which do not necessarily represent the opinion of the ZEW
|
| any_adam_object | 1 |
| author | Lauer, Charlotte Steiner, Viktor 1957- |
| author_GND | (DE-588)136671934 |
| author_facet | Lauer, Charlotte Steiner, Viktor 1957- |
| author_role | aut aut |
| author_sort | Lauer, Charlotte |
| author_variant | c l cl v s vs |
| building | Verbundindex |
| bvnumber | BV013084475 |
| ctrlnum | (OCoLC)247104249 (DE-599)BVBBV013084475 |
| era | 1984-1997 |
| era_facet | 1984-1997 |
| format | Book |
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| indexdate | 2024-07-09T18:38:48Z |
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| language | English |
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| physical | 29 S. graph. Darst. : 21 cm |
| publishDate | 2000 |
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| series | ZEW, Zentrum für Europäische Wirtschaftsforschung GmbH Discussion paper |
| series2 | Discussion paper / ZEW, Zentrum für Europäische Wirtschaftsforschung GmbH |
| spelling | Lauer, Charlotte Verfasser aut Returns to education in West Germany an empirical assessment Charlotte Lauer and Viktor Steiner. [ZEW, Zentrum für Europäische Wirtschaftsforschung GmbH] Mannheim ZEW [2000] 29 S. graph. Darst. : 21 cm txt rdacontent n rdamedia nc rdacarrier Discussion paper / ZEW, Zentrum für Europäische Wirtschaftsforschung GmbH 2000,04 This paper analyses the developments in the returns to education in West Germany for the period from 1984 to 1997. Based on simple Mincer-type wage equations, we estimate a return of about 8% for men and 10% for women, and these returns have remained remarkably stable over the period. On the basis of more differentiated specifications of wage equations, we find evidence for the presence of cohort effects, in addition to time and lifecycle effects. Furthermore, the analysis shows that the choice of the sample of observation plays a crucial role. Indeed, huge differences exist between part-timers and full-timers, as well as between private and public sectors. Full-time working women have similar returns to schooling than men, and if female returns are declining and have become lower than male returns in the private sector, they are rather increasing and are higher than male ones in the public sector. Moreover, not all education degrees yield the same annual return. If one accounts for the different lengths of studies, the master craftsman degree yields the highest return. However, the estimates proved rather robust towards the specification of the wage equation and the estimation method. 1984-1997 Bildungsertrag / Schätzung / Geschlecht / Erwerbsverlauf / Arbeitszeit / Öffentlicher Dienst / Privatwirtschaft / Deutschland Ausbildung (DE-588)4112628-2 gnd rswk-swf Frauenarbeit (DE-588)4018210-1 gnd rswk-swf Lohnniveau (DE-588)4168076-5 gnd rswk-swf Humankapital (DE-588)4160783-1 gnd rswk-swf Deutschland Westliche Länder (DE-588)4243718-0 gnd rswk-swf Deutschland Westliche Länder (DE-588)4243718-0 g Ausbildung (DE-588)4112628-2 s Humankapital (DE-588)4160783-1 s Frauenarbeit (DE-588)4018210-1 s Lohnniveau (DE-588)4168076-5 s DE-604 Steiner, Viktor 1957- Verfasser (DE-588)136671934 aut ZEW, Zentrum für Europäische Wirtschaftsforschung GmbH Discussion paper 2000,04 (DE-604)BV010838359 2000,04 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008913225&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Lauer, Charlotte Steiner, Viktor 1957- Returns to education in West Germany an empirical assessment ZEW, Zentrum für Europäische Wirtschaftsforschung GmbH Discussion paper Bildungsertrag / Schätzung / Geschlecht / Erwerbsverlauf / Arbeitszeit / Öffentlicher Dienst / Privatwirtschaft / Deutschland Ausbildung (DE-588)4112628-2 gnd Frauenarbeit (DE-588)4018210-1 gnd Lohnniveau (DE-588)4168076-5 gnd Humankapital (DE-588)4160783-1 gnd |
| subject_GND | (DE-588)4112628-2 (DE-588)4018210-1 (DE-588)4168076-5 (DE-588)4160783-1 (DE-588)4243718-0 |
| title | Returns to education in West Germany an empirical assessment |
| title_auth | Returns to education in West Germany an empirical assessment |
| title_exact_search | Returns to education in West Germany an empirical assessment |
| title_full | Returns to education in West Germany an empirical assessment Charlotte Lauer and Viktor Steiner. [ZEW, Zentrum für Europäische Wirtschaftsforschung GmbH] |
| title_fullStr | Returns to education in West Germany an empirical assessment Charlotte Lauer and Viktor Steiner. [ZEW, Zentrum für Europäische Wirtschaftsforschung GmbH] |
| title_full_unstemmed | Returns to education in West Germany an empirical assessment Charlotte Lauer and Viktor Steiner. [ZEW, Zentrum für Europäische Wirtschaftsforschung GmbH] |
| title_short | Returns to education in West Germany |
| title_sort | returns to education in west germany an empirical assessment |
| title_sub | an empirical assessment |
| topic | Bildungsertrag / Schätzung / Geschlecht / Erwerbsverlauf / Arbeitszeit / Öffentlicher Dienst / Privatwirtschaft / Deutschland Ausbildung (DE-588)4112628-2 gnd Frauenarbeit (DE-588)4018210-1 gnd Lohnniveau (DE-588)4168076-5 gnd Humankapital (DE-588)4160783-1 gnd |
| topic_facet | Bildungsertrag / Schätzung / Geschlecht / Erwerbsverlauf / Arbeitszeit / Öffentlicher Dienst / Privatwirtschaft / Deutschland Ausbildung Frauenarbeit Lohnniveau Humankapital Deutschland Westliche Länder |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008913225&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV010838359 |
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