Returns to Education in Azerbaijan : Some New Estimates

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...

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Main Authors:	Garcia Moreno, Vicente, Patrinos, Harry Anthony
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	EDUCATION RETURNS TO EDUCATION EDUCATION INVESTMENT TERTIARY EDUCATION
Online Access:	http://documents.worldbank.org/curated/en/445891579702328347/Returns-to-Education-in-Azerbaijan-Some-New-Estimates http://hdl.handle.net/10986/33231

id	okr-10986-33231
recordtype	oai_dc
spelling	okr-10986-332312022-09-20T00:14:20Z Returns to Education in Azerbaijan : Some New Estimates Garcia Moreno, Vicente Patrinos, Harry Anthony EDUCATION RETURNS TO EDUCATION EDUCATION INVESTMENT TERTIARY EDUCATION 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. 2020-01-23T19:57:13Z 2020-01-23T19:57:13Z 2020-01 Working Paper http://documents.worldbank.org/curated/en/445891579702328347/Returns-to-Education-in-Azerbaijan-Some-New-Estimates http://hdl.handle.net/10986/33231 English Policy Research Working Paper;No. 9117 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Europe and Central Asia Azerbaijan
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	EDUCATION RETURNS TO EDUCATION EDUCATION INVESTMENT TERTIARY EDUCATION
spellingShingle	EDUCATION RETURNS TO EDUCATION EDUCATION INVESTMENT TERTIARY EDUCATION Garcia Moreno, Vicente Patrinos, Harry Anthony Returns to Education in Azerbaijan : Some New Estimates
geographic_facet	Europe and Central Asia Azerbaijan
relation	Policy Research Working Paper;No. 9117
description	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.
format	Working Paper
author	Garcia Moreno, Vicente Patrinos, Harry Anthony
author_facet	Garcia Moreno, Vicente Patrinos, Harry Anthony
author_sort	Garcia Moreno, Vicente
title	Returns to Education in Azerbaijan : Some New Estimates
title_short	Returns to Education in Azerbaijan : Some New Estimates
title_full	Returns to Education in Azerbaijan : Some New Estimates
title_fullStr	Returns to Education in Azerbaijan : Some New Estimates
title_full_unstemmed	Returns to Education in Azerbaijan : Some New Estimates
title_sort	returns to education in azerbaijan : some new estimates
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/445891579702328347/Returns-to-Education-in-Azerbaijan-Some-New-Estimates http://hdl.handle.net/10986/33231
_version_	1764478278061522944

Returns to Education in Azerbaijan : Some New Estimates

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