Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/108412
Authors: 
Galasi, Peter
Year of Publication: 
2003
Series/Report no.: 
Budapest Working Papers on the Labour Market BWP - 2003/4
Abstract: 
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 return to education would be significantly underestimated by ols. The estimates confirm that foreign-language and IT knowledge also produce advantages in terms of wages.
Document Type: 
Working Paper

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