Estimating Wage Equations for Hungarian Higher-Education Graduates

Peter Galasi
2003 Social Science Research Network  
The paper investigates the wage determination of Hungarian highereducation graduates with using two samples of Hungarian careerbeginners, applying IV techniques and the multiple indicator solution so as to diminish potential estimation biases due to endogeneity of independent variables (especially the education variable) and the simultaneity of wages and working time. The results show that university education yields considerable wage premium as compared to college education, and that the
more » ... to education would be significantly underestimated by ols. The estimates confirm that foreign-language and IT knowledge also produce advantages in terms of wages. GALASI PÉTER PÁLYAKEZDŐ DIPLOMÁSOK KERESETEI Összefoglaló
doi:10.2139/ssrn.465882 fatcat:blsvmut2zbhfpp5w7sqhjr76wy