Are Austrian Returns to Education Falling Over Time?

By J. Fersterer, R. Winter‐Ebmer. Social Science Research Network, 2003

125 citations recorded by the source corpus.

In this paper we make a systematic presentation of returns to education in Austria for the period 1981-1997. We use consistent cross-sections from the Mikrozensus and find falling returns over time. These falling returns are not caused by changes in the sample design and reduced willingness to reveal personal incomes in the survey. Moreover, it is shown that especially returns to university education have fallen. If the focus is not on mean returns, but if we apply quantile regression techniques, interesting patterns emerge: returns are falling the most in the lowest quantiles, but remain almost constant in the highest quantiles. The overall picture of falling returns is consistent with a rise in the supply of highly-educated workers in the recent two decades.

Subfields: Accounting, Economics and Econometrics, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/273a4a528ae32277e2c4b56a53d3204b85d73157

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Pedro S. Martins
2. P. Pereira

In Economics and Econometrics

1. M. Arrazola
2. Pedro S. Martins
3. P. Pereira
4. J. Hevia
5. Yu Zhu
6. F. Green
7. Javier Gardeazabal
8. A. Ugidos

In Sociology and Political Science

1. Pedro S. Martins
2. P. Pereira
3. Yu Zhu
4. F. Green

Citations in the corpus

• Does education reduce wage inequality? Quantile regression evidence from 16 countries (2004, result): “10 This result is in accordance with previous attempts at estimating wage equations with quantile regressions, such as Machado and Mata (2001), Hartog et al. (2001) and Fersterer and Winter-Ebmer (2003).”
• Three measures of returns to education: An illustration for the case of Spain (2008, background): “For the case of Spanish 2 See Harmon, Walker and Westergaard-Nielsen (2001), Fersterer and Winter-Ebmer (2003), Marcenado and Navarro (2005), Blanco and Pons (2004), and De la Rica and Ugidos (1995) as examples of the positive effect of education on the probability of being employed.”
• Returns to apprenticeship training in Austria: evidence from failed firms (2008, unknown): “This is consistent with earlier work by Fersterer and Winter-Ebmer (2003a), who find returns to apprenticeship training of around 15 percent for the entire apprenticeship period.”