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

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dc.contributor.authorŠpeciánová, Jitka
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2023-09-27T12:41:04Z
dc.date.available2023-09-27T12:41:04Z
dc.description.abstractThis 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.en
dc.formattext
dc.identifier.doi10.15240/tul/009/lef-2023-47
dc.identifier.isbn978-80-7494-627-1
dc.identifier.urihttps://dspace.tul.cz/handle/15240/172863
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
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dc.relation.ispartofLiberecké ekonomické fórum 2023cs
dc.relation.ispartofLiberec Economic Forum 2023en
dc.subjectimpact of educational attainment on wagesen
dc.subjectpublic sectoren
dc.subjectprivate sectoren
dc.subjectwage differentialsen
dc.subjectCzech Republicen
dc.subject.classificationI26
dc.subject.classificationJ31
dc.subject.classificationJ45
dc.titleThe Impact of Educational Attainment on Gross Wages: A Comparative Analysis of the Public and Private Sectors in Czechiaen
dc.typeproceeding paperen
local.accessopen
local.citation.epage440
local.citation.spage433
local.facultyFaculty of Economics
local.fulltextyes
local.relation.abbreviationLEFcs
local.relation.abbreviationLEFen
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