Private and Social Returns to Investment in Education : The Case of Turkey with Alternative Methods

This paper estimates private and social returns to investment in education in Turkey, using the 2017 Household Labour Force Survey (latest available at the time of writing) and alternative methodologies. The analysis uses the 1997 education reform of increasing compulsory education by three years as...

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Main Authors:	Patrinos, Harry Anthony, Psacharopoulos, George, Tansel, Aysit
Format:	Journal Article
Published:	Taylor and Francis 2021
Subjects:	EDUCATION RETURNS TO EDUCATION HECKMAN TWO-STEP INSTRUMENTAL VARIABLES
Online Access:	http://hdl.handle.net/10986/35818

id	okr-10986-35818
recordtype	oai_dc
spelling	okr-10986-358182021-07-20T18:48:08Z Private and Social Returns to Investment in Education : The Case of Turkey with Alternative Methods Patrinos, Harry Anthony Psacharopoulos, George Tansel, Aysit EDUCATION RETURNS TO EDUCATION HECKMAN TWO-STEP INSTRUMENTAL VARIABLES This paper estimates private and social returns to investment in education in Turkey, using the 2017 Household Labour Force Survey (latest available at the time of writing) 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% for higher education and a social return of 10%. Using the number of children younger than age 15 in the household as an exclusion restriction, sample selection correction is applied, and it shows that the 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. 2021-06-23T17:20:56Z 2021-06-23T17:20:56Z 2020-11-04 Journal Article Applied Economics 0003-6846 http://hdl.handle.net/10986/35818 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Taylor and Francis Publications & Research Publications & Research :: Journal Article Turkey
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	EDUCATION RETURNS TO EDUCATION HECKMAN TWO-STEP INSTRUMENTAL VARIABLES
spellingShingle	EDUCATION RETURNS TO EDUCATION HECKMAN TWO-STEP INSTRUMENTAL VARIABLES Patrinos, Harry Anthony Psacharopoulos, George Tansel, Aysit Private and Social Returns to Investment in Education : The Case of Turkey with Alternative Methods
geographic_facet	Turkey
description	This paper estimates private and social returns to investment in education in Turkey, using the 2017 Household Labour Force Survey (latest available at the time of writing) 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% for higher education and a social return of 10%. Using the number of children younger than age 15 in the household as an exclusion restriction, sample selection correction is applied, and it shows that the 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.
format	Journal Article
author	Patrinos, Harry Anthony Psacharopoulos, George Tansel, Aysit
author_facet	Patrinos, Harry Anthony Psacharopoulos, George Tansel, Aysit
author_sort	Patrinos, Harry Anthony
title	Private and Social Returns to Investment in Education : The Case of Turkey with Alternative Methods
title_short	Private and Social Returns to Investment in Education : The Case of Turkey with Alternative Methods
title_full	Private and Social Returns to Investment in Education : The Case of Turkey with Alternative Methods
title_fullStr	Private and Social Returns to Investment in Education : The Case of Turkey with Alternative Methods
title_full_unstemmed	Private and Social Returns to Investment in Education : The Case of Turkey with Alternative Methods
title_sort	private and social returns to investment in education : the case of turkey with alternative methods
publisher	Taylor and Francis
publishDate	2021
url	http://hdl.handle.net/10986/35818
_version_	1764483838413635584

Private and Social Returns to Investment in Education : The Case of Turkey with Alternative Methods

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