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221013 ||| eng |
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|a Garcia Moreno, Vicente
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|a Returns to Education in Azerbaijan
|h Elektronische Ressource
|b Some New Estimates
|c Vicente Garcia Moreno
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260 |
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|a Washington, D.C
|b The World Bank
|c 2020
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|a 30 pages
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|a Patrinos, Harry Anthony
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|a Garcia Moreno, Vicente
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|a eng
|2 ISO 639-2
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|b WOBA
|a World Bank E-Library Archive
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|a World Bank E-Library Archive
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|a 10.1596/1813-9450-9117
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|u http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-9117
|x Verlag
|3 Volltext
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|a 330
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|a 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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