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Returns to Education During and After the Economic Crisis: Evidence from Latvia 2006–2012

机译：经济危机期间和之后的教育重返：拉脱维亚的证据2006–2012年

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摘要

We employ EU-SILC micro data for Latvia to study how returns to education changed during the economic crisis of 2008–2009 and afterwards. We found that returns to education increased significantly during the crisis and decreased slightly during the subsequent economic recovery. The counter-cyclical effect was evident in nearly all population groups. After the crisis, education became more associated than before with a longer working week and a higher employment probability. Furthermore, we show that returns to education in Latvia are generally higher in the capital city and its suburbs than outside the capital city region, as well as for citizens of Latvia than for resident non-citizens and citizens of other countries, but lower for males and young people. Wage differential models reveal a relatively large wage premium for higher education and a rather small one for secondary education. Estimates obtained with instrumental variable (IV) models significantly exceed the OLS estimates.
机译：我们使用EU-SILC的拉脱维亚微观数据研究了2008-2009年经济危机期间及之后的教育回报率如何变化。我们发现，在危机期间，教育收益显着增加，而在随后的经济复苏期间，教育收益却略有下降。在几乎所有人群中，反周期效应都很明显。危机过后，工作时间更长，就业几率更高，教育比以往更加紧密。此外，我们表明，拉脱维亚的首都和郊区的教育收益通常比首都以外的地区以及拉脱维亚的公民和非居民的公民和其他国家的公民的教育收益都高，但男性的教育收益却更高和年轻人。工资差异模型显示，高等教育的工资溢价相对较高，而中等教育的工资溢价相对较小。使用工具变量（IV）模型获得的估计值大大超过OLS估计值。

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