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Increasing social returns to human capital: evidence from Hungarian regions
Increasing social returns to human capital: evidence from Hungarian regions. Regional Studies. Using individual-level data from 2002 to 2008, this paper estimates augmented Mincerian wage equations to analyze social returns to human capital in Hungary. The results show that geographically localized human capital externalities have a strong productivity effect on the wages of local workers, but the strength of this effect falls short of the private returns. A one-year increase in the average schooling of the local labour force has a 3% average external effect on the wages of local workers.
Increasing social returns to human capital: evidence from Hungarian regions
Increasing social returns to human capital: evidence from Hungarian regions. Regional Studies. Using individual-level data from 2002 to 2008, this paper estimates augmented Mincerian wage equations to analyze social returns to human capital in Hungary. The results show that geographically localized human capital externalities have a strong productivity effect on the wages of local workers, but the strength of this effect falls short of the private returns. A one-year increase in the average schooling of the local labour force has a 3% average external effect on the wages of local workers.
Increasing social returns to human capital: evidence from Hungarian regions
Czaller, László (Autor:in)
Regional Studies ; 51 ; 467-477
04.03.2017
11 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
social return , human capital , education , productivity , wage , hungary , 社会报酬 , 人力资本 , 教育 , 生产力 , 薪资 , 匈牙利 , rendement social , capital humain , éducation , productivité , salaire , hongrie , sozialrendite , humankapital , bildung , produktivität , lohn , ungarn , rentabilidad social , capital humano , educación , productividad , salario , hungría , D62 , J24 , R10
Increasing social returns to human capital: evidence from Hungarian regions
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