Volume 7, Number 4 (Fall) 1972
Krueger, Anne O. 1972. "Rates of Return to Turkish Higher Education." Journal of Human Resources 7(4):482-499.
Data on educational attainments of the Turkish population and the wage structure are used to estimate the private and social rates of return to higher education in Turkey. Private rates of return of 20-25 percent are found for secondary school and university education. The computed social rate is about the same as the private for secondary education, but less than 10 percent for university education. The high private rate of return to higher education may explain the imbalance in Turkey's educational pyramid, with an excess supply of college graduates and excess demand for persons in the middle-skill groups.
The author is Professor of Economics at the University of Minnesota. The research underlying this study was financed by the Agency for International Development. I am indebted to many individuals in the Agency for helpful comments and discussion. In addition, I am grateful to Yusuf Hamurdan of the State Planning Organization, Cöneyt Dosdogru and Galip Ersoy of Atas Refinery, Ibrahim Öngüt of TSKB, Ilhan Lök of MESS, Muffit Erenli of Arcelik, and Erhan Adali of the Turk Management Association for valuable comments and data. Needless to say, none of these persons, nor the Agency, is responsible for the opinions and conclusions expressed in this paper.
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