ABSTRACT

Using cross-sectional data, collected via a survey from the Greek healthcare sector, we estimate both the private (direct) and public/social (indirect) returns to education from an increase in an employee’s educational level. By utilising a spatial econometrics approach, we control for the aggregation problems that plague the majority of the existing literature. The results demonstrate the existence of statistically and economically significant spillover effects, irrespective of whether the educational ‘distance’ between employees is increased or decreased, and indicate that traditional estimates of the rate of return to education are significantly biased when not accounting for spillover effects.

摘要

使用通过从希腊医疗保健行业进行的一项调查收集的横截面数据，我们估计随着员工教育水平的提高，私人（直接）和公共/社会（间接）的教育收益。通过利用空间计量经济学方法，我们控制了困扰大多数现有文献的聚合问题。结果表明，无论员工之间的教育“距离”是增加还是减少，都存在统计上和经济上显着的溢出效应，并且表明，在不考虑溢出效应的情况下，传统的教育回报率估计值存在显着偏差。