Abstract
In this paper, we make a systematic presentation of returns to education in Austria for the period 19811997. We use consistent cross-sections from the Mikrozensus and find falling returns over time. These falling returns are neither caused by changes in the sample design and reduced
willingness to reveal personal incomes in the survey, nor by a declining quality of education. Moreover, it is shown that especially returns to tertiary and secondary education have fallen. Estimating quantile regressions provides further interesting insights: returns fall for all quantiles
alike, but the spread of returns is much lower for females. The overall picture of falling returns is consistent with a rise in the supply of highly educated workers in the last two decades.
| Original language | English |
|---|---|
| Pages (from-to) | 73-89 |
| Number of pages | 17 |
| Journal | Labour Economics |
| Volume | 10 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - Feb 2003 |
Fields of science
- 405002 Agricultural economics
- 502 Economics
- 502001 Labour market policy
- 502002 Labour economics
- 502003 Foreign trade
- 502009 Corporate finance
- 502010 Public finance
- 502012 Industrial management
- 502013 Industrial economics
- 502018 Macroeconomics
- 502020 Market research
- 502021 Microeconomics
- 502025 Econometrics
- 502027 Political economy
- 502039 Structural policy
- 502042 Environmental economics
- 502046 Economic policy
- 502047 Economic theory
- 504014 Gender studies
- 506004 European integration
- 507016 Regional economy
- 303010 Health economics
