Economic Journal of Emerging Markets
Volume 11 Issue 2, 2019

The causal effects of education on wages: evidence from Kyrgyzstan

Ebru Caglayan Akay (Marmara University, Istanbul, Turkey)
Zamira Oskonbaeva (Kyrgyz-Turkish Manas University, Biskek, Kyrgyzstan)
Irem Sacakli-Sacildi (Marmara University, Istanbul, Turkey)



Article Info

Publish Date
31 Oct 2019

Abstract

This sudy uses a Mincerian earnings function to estimate the effect of education and experience on the wages of women working in developed business and trade center of Bishkek, Kyrgyzstan. It employs a robust median regression and M Regression to estimate the fuctions for both public and private sectors. The paper also estimates the fuction using a least squared regression for comparisson. Finding/Originality: The results show that returns to education for women employees in private sector are higher than that of in the public sector. In contrast, the returns to experience for women employees in the public sector are higher than those in the private sector. The study reveals that schooling has strong causal effects on wages. Therefore, the goverment should give sufficient priority to education. Every Som spent in quality education generates strong positive returns for the whole economy. so that Kyrgyz government should put more efforts to enable individuals staying longer in education

Copyrights © 2019






Journal Info

Abbrev

JEP

Publisher

Subject

Economics, Econometrics & Finance

Description

The Economic Journal of Emerging Markets (EJEM) is a peer-reviewed journal which provides a forum for scientific works pertaining to emerging market economies. Published every April and October, this journal welcomes original research papers on all aspects of economic development issues. The journal ...