Returns to Education in the Russian Federation : Towards Evidence Based Decision Making with Fiscal and Private Returns to Education

Melianova, Ekaterina ; Parandekar, Suhas ; Volgin, Artem

World Bank, Washington, DC

关键词: RETURNS TO EDUCATION;    RATE OF RETURN;    TERTIARY EDUCATION;    EDUCATION COST;    LABOR MARKET;   

RP-ID  :  149775

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This paper used institution levelinformation about graduate earnings and estimates of fiscaland private costs to obtain fiscal and private returns toeducation using an internal rate of return calculation. Asdata has been collected so far only on earnings trajectoriesfor three years following graduation, these are not lifetimereturns, but they are adequate to provide relativeestimates. Samara Energy College with private returns of 35percent and fiscal returns of 13 percent leads the list ofcolleges. V.R. Fillipova Buryat State Agricultural Academyin Ulan Ude leads the universities list with private returnsof 9 percent and fiscal return of 7 percent. Even thoughonly preliminary results are presented here, the data lengthand model sophistication can only grow in the future. Theresulting information on returns to investment will servegovernment stakeholders as well as individual students.