DYNAMICS OF POST-SCHOOL INVESTMENT, EDUCATION AND WAGES IN TURKISH LABOR MARKET: A DESCRIPTIVE STUDY

Hande Kul Gelal

Article Details

DYNAMICS OF POST-SCHOOL INVESTMENT, EDUCATION AND WAGES IN TURKISH LABOR MARKET: A DESCRIPTIVE STUDY

Authors:

Hande Kul Gelal

Publisher:

Marmara University

Main Topics:

İstihdam | Çalışma Ekonomisi

Journal:

Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi Vol.45 Issue 2, pp.213-233

Document Type:

Article

Publication Date:

8/2023

Document Language:

English

Document ID (Org No.):

2001300266

pISSN:

2587-2672

Keywords:

Abstract:

 Although Human Capital Theory asserts post-school investment as an important mechanism in the wage differentials, it is not adequately scrutinized by the literature. Post-school investment is linked to demographic factors like gender, age, education, marital status, etc., and has a dual effect in the wage differentials of individuals Blaug, 1976; Mincer J. A., 1974a; Polachek, 1975; Rodríguez, Saltiel,  Urzua, 2018. Moreover, PSI can mediate the effect of education on wages which has been widely discussed in the literature. In light of these, this study aims to understand the dynamics of post-school investment, education, and wages in relation with other demographics ignoring the causal relationship between these variables using Adult Education Survey TURKSTAT, 2007. Results indicate that PSI is high for observations who are young, non-married, women, high wage earner, non-routine job holder, and vocational collage school graduate. Interestingly, results indicate that low wage earners have to invest on their human capital to compete in the labor market against job losses most probably as they are low skilled workers, and their abilities are prone to depreciation easily. Moreover, men can earn more than women, even if they have a lower education level.

 Although Human Capital Theory asserts post-school investment as an important mechanism in the wage differentials, it is not adequately scrutinized by the literature. Post-school investment is linked to demographic factors like gender, age, education, marital status, etc., and has a dual effect in the wage differentials of individuals Blaug, 1976; Mincer J. A., 1974a; Polachek, 1975; Rodríguez, Saltiel,  Urzua, 2018. Moreover, PSI can mediate the effect of education on wages which has been widely discussed in the literature. In light of these, this study aims to understand the dynamics of post-school investment, education, and wages in relation with other demographics ignoring the causal relationship between these variables using Adult Education Survey TURKSTAT, 2007. Results indicate that PSI is high for observations who are young, non-married, women, high wage earner, non-routine job holder, and vocational collage school graduate. Interestingly, results indicate that low wage earners have to invest on their human capital to compete in the labor market against job losses most probably as they are low skilled workers, and their abilities are prone to depreciation easily. Moreover, men can earn more than women, even if they have a lower education level.

 Although Human Capital Theory asserts post-school investment as an important mechanism in the wage differentials, it is not adequately scrutinized by the literature. Post-school investment is linked to demographic factors like gender, age, education, marital status, etc., and has a dual effect in the wage differentials of individuals Blaug, 1976; Mincer J. A., 1974a; Polachek, 1975; Rodríguez, Saltiel,  Urzua, 2018. Moreover, PSI can mediate the effect of education on wages which has been widely discussed in the literature. In light of these, this study aims to understand the dynamics of post-school investment, education, and wages in relation with other demographics ignoring the causal relationship between these variables using Adult Education Survey TURKSTAT, 2007. Results indicate that PSI is high for observations who are young, non-married, women, high wage earner, non-routine job holder, and vocational collage school graduate. Interestingly, results indicate that low wage earners have to invest on their human capital to compete in the labor market against job losses most probably as they are low skilled workers, and their abilities are prone to depreciation easily. Moreover, men can earn more than women, even if they have a lower education level.

 Beşerî Sermaye Teorisi, okul sonrası yatırımın ücret farklılıklarında önemli bir mekanizma olduğunu öne sürse de literatürde yeterince incelenmemiştir. Okul sonrası yatırım, cinsiyet, yaş, eğitim ve medeni durum gibi demografik faktörlerle bağlantılıdır ve ücret farklılıklarında çift yönlü bir etki yaratabilmektedir Blaug, 1976; Mincer J. A., 1974a; Polachek, 1975; Rodríguez, Saltiel,  Urzua, 2018. Ayrıca literatürde çokça tartışılan eğitimin ücretler üzerindeki etkisi üzerinde okul sonrası yatırımların aracılık etkisi bulunabilir. Bu sebeple bu çalışma okul sonrası yatırım, eğitim ve ücret değişkenlerinin dinamiklerini diğer demografik değişkenlerle ilintili olarak ve aralarındaki nedensel ilişkiyi göz ardı ederek incelemeyi amaçlar. Çalışmada TUIK tarafından yayımlanan Yetişkin Eğitimi Araştırması kullanılmıştır TURKSTAT, 2007. Sonuçlar, okul sonrası yatırımın genç, evli olmayan, kadın, yüksek ücretli, rutin olmayan işlerde çalışan ve meslek lisesi mezunu gruplarda yüksek olduğunu göstermektedir. Elde edilen sonuçlar arasında, düşük ücretlilerin okul sonrası yatırımlarının yaşa bağlı olarak arttığı görülmektedir. Bu durum düşük ücretlilerin büyük olasılıkla düşük vasıflı oldukları için, iş gücü piyasasında iş kayıplarının önüne geçebilmek ve rekabet edebilmek için kolayca kaybolabilen yeteneklerini geliştirmek zorunda olduklarını gösterir. Ek olarak, erkeklerin daha düşük eğitim düzeyine sahip olsalar bile kadınlardan daha fazla ücret aldıkları gözlenir.

Article Details

DYNAMICS OF POST-SCHOOL INVESTMENT, EDUCATION AND WAGES IN TURKISH LABOR MARKET: A DESCRIPTIVE STUDY

Authors:

Hande Kul Gelal

Publisher:

Marmara University

Main Topics:

İstihdam | Çalışma Ekonomisi

Journal:

Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi Vol.45 Issue 2, pp.213-233

Document Type:

Article

Publication Date:

8/2023

Document Language:

English

Document ID (Org No.):

2001300266

pISSN:

2587-2672

Post-School Investment

Education

Wage

Adult Education.Okul sonrası yatırım

eğitim

ücret

yetişkin eğitimi

Issues

Article Details

Authors: Hande Kul Gelal

Publisher: Marmara University

Main Topics: İstihdam | Çalışma Ekonomisi

Journal: Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi Vol.45 Issue 2, pp.213-233

Document Type: Article

Publication Date: 8/2023

Document Language: English

Document ID (Org No.): 2001300266

pISSN: 2587-2672

Issues

Authors:

Hande Kul Gelal

Publisher:

Marmara University

Main Topics:

İstihdam | Çalışma Ekonomisi

Journal:

Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi Vol.45 Issue 2, pp.213-233

Document Type:

Article

Publication Date:

8/2023

Document Language:

English

Document ID (Org No.):

2001300266

pISSN:

2587-2672