Returns to Education in Azerbaijan : Some New Estimates
This paper estimates private and social returns to investment in education in Azerbaijan, using the 2015 Azerbaijan Monitoring Survey for Social Welfare. The private rate of return to education is 6 percent; this is the first estimate of returns to...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/445891579702328347/Returns-to-Education-in-Azerbaijan-Some-New-Estimates http://hdl.handle.net/10986/33231 |
| Summary: | This paper estimates private and social
returns to investment in education in Azerbaijan, using the
2015 Azerbaijan Monitoring Survey for Social Welfare. The
private rate of return to education is 6 percent; this is
the first estimate of returns to schooling in Azerbaijan
since 1995. The returns to schooling are 6 percent for men
and 8 percent for women, even controlling for selection. In
addition, the paper estimates the returns for higher
education; for this level, the rate of return is 9 percent.
Finally, using the full discount method, the private rate of
return to tertiary education is 9 percent, and the social
rate of return is 8 percent. One policy implication is to
re-examine the funding of higher education and for its expansion. |
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