ESTIMATION OF RATES OF RETURN TO INVESTMENTS IN EDUCATION IN LATVIA

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. (English) [ABSTRACT FROM AUTHOR] Šio straipsnio tikslas -- įrodyti išsilavinimo poveikį atlyginimo už darbą dydžiui. Pagrindinis uždavinys -- apskaičiuoti Mincer grąžos normą įvertinant keletą veiksnių. Kitas tyrimo uždavinys -- išnagrinėti 2010 ir 2011 metų rezultatus ir nustatyti ryškių skirtumų tarp šių metų priežastis. Tyrimo rezultatai ir detali darbo rinkos analizė parodė, kad individualiame lygmenyje egzistuoja teigiama grąža iš išsilavinimo, tai patvirtina hipotezę apie koreliaciją tarp aukštesnio išsilavinimo ir didesnio užimtumo bei gerovės. Iki šiol Mincer grąžos norma Latvijoje plačiai netaikyta. (Lithuanian) [ABSTRACT FROM AUTHOR] Copyright of Region Formation & Development Studies is the property of Klaipeda University and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)