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

doi:10.1080/00036846.2020.1841086

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

dc.contributor.author	Psacharopoulos, George
dc.contributor.author	Patrinos, Harry Anthony
dc.contributor.author	Tansel, Aysit
dc.date.accessioned	2021-06-23T17:20:56Z
dc.date.available	2021-06-23T17:20:56Z
dc.date.issued	2020-11-04
dc.description.abstract	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.	en
dc.identifier.citation	Applied Economics
dc.identifier.doi	10.1596/35818
dc.identifier.issn	0003-6846
dc.identifier.uri	https://hdl.handle.net/10986/35818
dc.publisher	Taylor and Francis
dc.rights	CC BY-NC-ND 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.subject	EDUCATION
dc.subject	RETURNS TO EDUCATION
dc.subject	HECKMAN TWO-STEP
dc.subject	INSTRUMENTAL VARIABLES
dc.title	Private and Social Returns to Investment in Education	en
dc.title.subtitle	The Case of Turkey with Alternative Methods	en
dc.type	Journal Article	en
dc.type	Article de journal	fr
dc.type	Artículo de revista	es
dspace.entity.type	Publication
okr.associatedcontent	https://www.tandfonline.com/doi/full/10.1080/00036846.2020.1841086 Journal website (version of record)	en
okr.date.disclosure	2022-05-04
okr.date.doiregistration	2025-05-06T11:25:53.029683Z
okr.doctype	Publications & Research
okr.doctype	Publications & Research::Journal Article
okr.externalcontent	External Content
okr.identifier.doi	10.1080/00036846.2020.1841086
okr.identifier.report	161828
okr.journal.nbpages	1638-58
okr.language.supported	en
okr.peerreview	Academic Peer Review
okr.region.country	Turkiye
okr.topic	Education::Economics of Education
okr.volume	53(14)
relation.isAuthorOfPublication	c9e7c391-9af8-566a-8bb3-cc917745467c
relation.isAuthorOfPublication.latestForDiscovery	c9e7c391-9af8-566a-8bb3-cc917745467c