Labor Market Outcomes in Georgia: The Effect of Education on the Probability of Participating in the Labor Force, Being Employed and Getting High Returns
DOI:
https://doi.org/10.62343/cjss.2014.137Keywords:
Labor Force Participation, Unemployment Rate, Education Levels, Self-Employment, Human Capital Theory, Labor Market OutcomesAbstract
This research studies labor market outcomes in Georgia. The study concentrates on the effects of education on participation in the labor force, employment and salary level based on the Integrated Household Survey of Georgia for 2004-2009. Dprobit and OLS regression models are used for estimation. The key research findings are that education levels have a significant effect on the probability of an individual’s participation in the labor force and being hired. However, the returns on education and on potential experience are low. In addition to education level, gender and the region where an individual lives play an important role in determining labor market outcomes and returns on education.
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Copyright (c) 2023 Tamari Jugheli
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