This study investigates the impact of higher education on income, using data from the Household Expenditure and Income Survey (HEIS) of Iran from 2014 to 2022. Due to the potential bias in direct regression of income on education, we use a two-stage least squares (2SLS) approach. Also, the distance between the nearest public university and each individuals ́ residence location at the age of 18 is used as an instrumental variable. The results show that income returns from graduate degrees do not significantly exceed those from bachelor’s degrees. These findings cast doubt on the effectiveness of both time spent studying and government investments to encourage people to complete university degrees.
Exploring the Return to Graduate Education: Case Study of Iran
HASSANSHAHI, HANIEH
2023/2024
Abstract
This study investigates the impact of higher education on income, using data from the Household Expenditure and Income Survey (HEIS) of Iran from 2014 to 2022. Due to the potential bias in direct regression of income on education, we use a two-stage least squares (2SLS) approach. Also, the distance between the nearest public university and each individuals ́ residence location at the age of 18 is used as an instrumental variable. The results show that income returns from graduate degrees do not significantly exceed those from bachelor’s degrees. These findings cast doubt on the effectiveness of both time spent studying and government investments to encourage people to complete university degrees.| File | Dimensione | Formato | |
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https://hdl.handle.net/20.500.12608/74358