DIVERSITY IN RETURNS TO EDUCATION IN EUROPE. THE EMPIRICAL IMPORTANCE OF THE SYSTEMS OF THE REGRESSION APPROACH

Mateusz Pipień, Sylwia Roszkowska The aim of the paper is the formal comparison of returns to education for a set of European countries. We apply the system of Seemingly Unrelated Regression Equations (SURE) to obtain the parameters of the Mincerian equations. The differences between the parameters were tested given two alternative stochastic assumptions. In the […]