Returns to Education in the Russian Federation
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World Bank, Washington, DC
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This paper used institution level
information about graduate earnings and estimates of fiscal
and private costs to obtain fiscal and private returns to
education using an internal rate of return calculation. As
data has been collected so far only on earnings trajectories
for three years following graduation, these are not lifetime
returns, but they are adequate to provide relative
estimates. Samara Energy College with private returns of 35
percent and fiscal returns of 13 percent leads the list of
colleges. V.R. Fillipova Buryat State Agricultural Academy
in Ulan Ude leads the universities list with private returns
of 9 percent and fiscal return of 7 percent. Even though
only preliminary results are presented here, the data length
and model sophistication can only grow in the future. The
resulting information on returns to investment will serve
government stakeholders as well as individual students.
Palabras clave
RETURNS TO EDUCATION, RATE OF RETURN, TERTIARY EDUCATION, EDUCATION COST, LABOR MARKET, UNIVERSITY