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- Title
ESTIMATION OF RATES OF RETURN TO INVESTMENTS IN EDUCATION IN LATVIA.
- Authors
ROMELE, LINDA
- Abstract
The aim of the article is to prove the positive impact of education on work salary. For this purpose, the main task of the article is to estimate the Mincer rate of return by taking several factors into account. A secondary task of the research is to analyze the results of 2010 and 2011 and to find explanations for the significant differences between the two years. The results of research and a detailed analysis of the labour market indicate a positive return from attainment of education at an individual level, and they strengthen the hypothesis about a correlation among higher education attainment, higher employment levels and welfare. So far, the Mincer rate of return has not been widely used in Latvia.
- Subjects
LATVIA; RATE of return; EDUCATION; WAGES; LABOR market; HIGHER education; EMPLOYMENT
- Publication
Regional Formation & Development Studies, 2013, Issue 11, p207
- ISSN
2029-9370
- Publication type
Article