Returns to Investment in Education : The Case of Turkey
This paper estimates private and social returns to investment in education in Turkey, using the 2017 Household Labor Force Survey and alternative methodologies. The analysis uses the 1997 education reform of increasing compulsory education by three...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/639211553175774906/Returns-to-Investment-in-Education-The-Case-of-Turkey http://hdl.handle.net/10986/31448 |
| Summary: | This paper estimates private and social
returns to investment in education in Turkey, using the 2017
Household Labor Force Survey and alternative methodologies.
The analysis uses the 1997 education reform of increasing
compulsory education by three years as an instrument. This
results in a private rate of return on the order of 16
percent for higher education and a social return of 10
percent. Using the number of children younger than age 15 in
the household as an exclusion restriction, the analysis
finds that returns to education for females are higher than
those for males. Contrary to many findings in other
countries, private returns to those working in the public
sector are higher than those in the private sector, and
private returns to those who followed the vocational track
in secondary education are higher than those in the general
academic track. The paper discusses the policy implications
of the findings. |
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