The estimation of Mincer function in conditions of the Czech republic

Finardi, Savina; Fischer, Jakub

doi:10.18267/j.cfuc.501

Cited by 2 publications

References 15 publications

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The Impact of Educational Attainment on Gross Wages: A Comparative Analysis of the Public and Private Sectors in Czechia

Špeciánová

2023

Liberec Economic Forum 2023

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This research paper examines the impact of educational attainment on gross wages in the public and private sectors in Czechia, focusing on potential disparities in wage outcomes. Using a comprehensive dataset from the Average Earnings Information System (ISPV) for 2022, we employ regression analysis, while controlling for factors such as age and gender. Our empirical analysis uncovers a positive relationship between educational attainment and wages in both the public and private sectors. However, it is noteworthy that the private sector demonstrates a slightly lower return to education compared to the public sector, as indicated by one specific regression technique employed in our study. However, the second estimation technique does not confirm this result. Additionally, we estimate a stronger negative impact of gender (female) on wage levels in the private sector than in the public sector. Analyzing wage differentials among young workers (aged 24-30) compared to the overall workforce, we observe that the disparities in average earnings are mostly less pronounced at the early stages of their careers. This research deepens our understanding of the relationship between educational attainment, wages, and sectoral differences, providing a foundation for evidence-based decision-making and policy formulation in the context of the Czech labor market.

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The Impact of Educational Attainment on Gross Wages: A Comparative Analysis of the Public and Private Sectors in Czechia

Špeciánová

2023

Liberec Economic Forum 2023

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Exploring Factors Influencing the Czech Employees' Earnings

Dvouletý¹

2022

AAK

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The study contributes to the body of knowledge on job-related and individual characteristics determining the earnings of those working as employees. A multivariate analysis of the 2010 and 2015 European Survey on Working Conditions data (N=1,168) documents the differences in earnings across studied variables, such as gender, educational level, the skill level of profession, years of experience or perceived discrimination. The obtained results are interpreted in line with the prior research. It follows from the main findings that the highest earnings are observed among managerial professions and the lowest among the least skilled occupations. Returns to education are increasing with the obtained level of formal education and are highest for doctoral studies graduates. The positive impact has also years of experience and the number of working hours per week. Quite surprisingly, the conducted analysis does not prove any significant effect of discrimination (sexual orientation, religion, disability, race, ethnic background or colour) on individuals' earnings. The study might be of interest to the Czech labour market researchers and policymakers as it, besides the analysis, provides several future research suggestions.

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The estimation of Mincer function in conditions of the Czech republic

Cited by 2 publications

References 15 publications

The Impact of Educational Attainment on Gross Wages: A Comparative Analysis of the Public and Private Sectors in Czechia

The Impact of Educational Attainment on Gross Wages: A Comparative Analysis of the Public and Private Sectors in Czechia

Exploring Factors Influencing the Czech Employees' Earnings

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