Quantile Estimates for Social Returns to Education in Turkey: 2006–2009
Middle East Development Journal, vol.5, no.3, 2013 (SCI-Expanded)
- Publication Type: Article / Article
- Volume: 5 Issue: 3
- Publication Date: 2013
- Doi Number: 10.1142/s179381201350017x
- Journal Name: Middle East Development Journal
- Journal Indexes: Science Citation Index Expanded (SCI-EXPANDED)
- Galatasaray University Affiliated: Yes
Abstract
Augmenting a Mincerian earnings function with regional data we estimate both private and external returns to education in Turkey using Instrumental Variables, Ordinary Least Squares, Quantile Regression and Instrumental Variables Quantile Regression methods. Our results indicate a median external return between 1.5% and 2.3% for 2006–2009. There is some evidence supporting the skill-biased technical change hypothesis. External returns are uniformly higher for women. We point out some policy implications.