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1 Ekonomický časopis (Journal of Economics)

1 2012

1 Štefánik M.

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LOOKING AT THE DEVELOPMENT OF PRIVATE RETURNS TO EDUCATION IN SLOVAKIA IN THE CONTEXT OF TERTIARY EDUCATION EXPANSION

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Štefánik M.

Ekonomický časopis (Journal of Economics)

2012

tom 60

nr 4

349 – 359

This article brings figures on the development of private returns to education in Slovakia from 1984 to 2009. We use EU-SILC micro data referring to the period 2004 – 2009 to count the returns to education, using Mincerian regression methodology. The standard formulation of the equation was used to allow comparisons with earlier studies. The development of returns to education is put into the context of recent tertiary education expansion in Slovakia. The results show an initial increase in returns to education between 1984 and 1995, which can be linked to the transition mechanisms. After 1995 the private returns to education in Slovakia remained stable, what means that the tertiary education expansion is not visible when looking at the overall private returns to education in Slovakia.