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Returns to Education in Azerbaijan : Some New Estimates / Vicente Garcia Moreno.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Garcia Moreno, Vicente.
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Economics of Education.
- Education.
- Education Investment.
- Returns to Education.
- Tertiary Education.
- Local Subjects:
- Economics of Education.
- Education.
- Education Investment.
- Returns to Education.
- Tertiary Education.
- Physical Description:
- 1 online resource (30 pages)
- Other Title:
- Returns to Education in Azerbaijan
- Place of Publication:
- Washington, D.C. : The World Bank, 2020.
- System Details:
- data file
- Summary:
- This paper estimates private and social returns to investment in education in Azerbaijan, using the 2015 Azerbaijan Monitoring Survey for Social Welfare. The private rate of return to education is 6 percent; this is the first estimate of returns to schooling in Azerbaijan since 1995. The returns to schooling are 6 percent for men and 8 percent for women, even controlling for selection. In addition, the paper estimates the returns for higher education; for this level, the rate of return is 9 percent. Finally, using the full discount method, the private rate of return to tertiary education is 9 percent, and the social rate of return is 8 percent. One policy implication is to re-examine the funding of higher education and for its expansion.
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