Returns to Education in Azerbaijan : Some New Estimates

This article 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 t...

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Bibliographic Details
Main Authors:	Garcia Moreno, Vicente, Patrinos, Harry Anthony
Format:	Journal Article
Published:	Taylor and Francis 2021
Subjects:	RETURNS TO EDUCATION TERTIARY EDUCATION SECONDARY EDUCATION
Online Access:	http://hdl.handle.net/10986/35835

id	okr-10986-35835
recordtype	oai_dc
spelling	okr-10986-358352021-07-20T18:51:21Z Returns to Education in Azerbaijan : Some New Estimates Garcia Moreno, Vicente Patrinos, Harry Anthony RETURNS TO EDUCATION TERTIARY EDUCATION SECONDARY EDUCATION This article 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 article 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 for tertiary education is 9 percent, and the social rate of return is 8 percent. One policy implication is to reexamine the funding of higher education and its expansion. 2021-06-24T17:17:54Z 2021-06-24T17:17:54Z 2021-02-05 Journal Article Problems of Economic Transition 1061-1991 http://hdl.handle.net/10986/35835 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Taylor and Francis Publications & Research :: Journal Article Publications & Research Europe and Central Asia Azerbaijan
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	RETURNS TO EDUCATION TERTIARY EDUCATION SECONDARY EDUCATION
spellingShingle	RETURNS TO EDUCATION TERTIARY EDUCATION SECONDARY EDUCATION Garcia Moreno, Vicente Patrinos, Harry Anthony Returns to Education in Azerbaijan : Some New Estimates
geographic_facet	Europe and Central Asia Azerbaijan
description	This article 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 article 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 for tertiary education is 9 percent, and the social rate of return is 8 percent. One policy implication is to reexamine the funding of higher education and its expansion.
format	Journal Article
author	Garcia Moreno, Vicente Patrinos, Harry Anthony
author_facet	Garcia Moreno, Vicente Patrinos, Harry Anthony
author_sort	Garcia Moreno, Vicente
title	Returns to Education in Azerbaijan : Some New Estimates
title_short	Returns to Education in Azerbaijan : Some New Estimates
title_full	Returns to Education in Azerbaijan : Some New Estimates
title_fullStr	Returns to Education in Azerbaijan : Some New Estimates
title_full_unstemmed	Returns to Education in Azerbaijan : Some New Estimates
title_sort	returns to education in azerbaijan : some new estimates
publisher	Taylor and Francis
publishDate	2021
url	http://hdl.handle.net/10986/35835
_version_	1764483874565390336

Returns to Education in Azerbaijan : Some New Estimates

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