Arbeitspapier

Are Austrian Returns to Education Falling Over Time?

In this paper we make a systematic presentation of returns to education in Austria for the period 1981-1997. We use consistent cross-sections from the Mikrozensus and find falling returns over time. These falling returns are not caused by changes in the sample design and reduced willingness to reveal personal incomes in the survey. Moreover, it is shown that especially returns to university education have fallen. If the focus is not on mean returns, but if we apply quantile regression techniques, interesting patterns emerge: returns are falling the most in the lowest quantiles, but remain almost constant in the highest quantiles. The overall picture of falling returns is consistent with a rise in the supply of highly-educated workers in the recent two decades.

Sprache
Englisch

Erschienen in
Series: IZA Discussion Papers ; No. 72

Klassifikation
Wirtschaft
Wage Level and Structure; Wage Differentials
Analysis of Education
Thema
Returns to education
quantile regression
sample selection
Bildungsertrag
Österreich

Ereignis
Geistige Schöpfung
(wer)
Fersterer, Josef
Winter-Ebmer, Rudolf
Ereignis
Veröffentlichung
(wer)
Institute for the Study of Labor (IZA)
(wo)
Bonn
(wann)
1999

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Fersterer, Josef
  • Winter-Ebmer, Rudolf
  • Institute for the Study of Labor (IZA)

Entstanden

  • 1999

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