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Returns to Education During and After the Economic Crisis: Evidence from Latvia 2006–2012

dc.contributor.authorVilerts, Karlisen
dc.contributor.authorKrasnopjorovs, Olegsen
dc.contributor.authorBrekis, Edgarsen
dc.date.accessioned2017-03-14T09:30:20Z
dc.date.available2017-03-14T09:30:20Z
dc.date.issued2017-03-09en
dc.identifier.issn1508-2008en
dc.identifier.urihttp://hdl.handle.net/11089/20865
dc.description.abstractWe employ EU-SILC micro data for Latvia to study how returns to education changed during the economic crisis of 2008–2009 and afterwards. We found that returns to education increased significantly during the crisis and decreased slightly during the subsequent economic recovery. The counter-cyclical effect was evident in nearly all population groups. After the crisis, education became more associated than before with a longer working week and a higher employment probability. Furthermore, we show that returns to education in Latvia are generally higher in the capital city and its suburbs than outside the capital city region, as well as for citizens of Latvia than for resident non-citizens and citizens of other countries, but lower for males and young people. Wage differential models reveal a relatively large wage premium for higher education and a rather small one for secondary education. Estimates obtained with instrumental variable (IV) models significantly exceed the OLS estimates.en
dc.publisherWydawnictwo Uniwersytetu Łódzkiegoen
dc.relation.ispartofseriesComparative Economic Research;20en
dc.rightsThis work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.en
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0en
dc.subjectreturns to educationen
dc.subjectMincer coefficienten
dc.subjectwage differentials modelen
dc.subjecthigher education wage premiumen
dc.subjectinstrumental variablesen
dc.titleReturns to Education During and After the Economic Crisis: Evidence from Latvia 2006–2012en
dc.page.number133-157en
dc.contributor.authorAffiliationVilerts, Karlis - Economist, Monetary Policy Department, Bank of Latviaen
dc.contributor.authorAffiliationKrasnopjorovs, Olegs - Ph.D., Chief Economist, Monetary Policy Department, Bank of Latviaen
dc.contributor.authorAffiliationBrekis, Edgars - Associate Professor, Department of Econometrics and Business Informatics, University of Latviaen
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dc.contributor.authorEmailVilerts, Karlis - Karlis.Vilerts@bank.lven
dc.contributor.authorEmailKrasnopjorovs, Olegs - Olegs.Krasnopjorovs@bank.lven
dc.contributor.authorEmailBrekis, Edgars - Edgars.Brekis@gjensidige.lven
dc.identifier.doi10.1515/cer-2017-0008en


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