АМЕРИК БОЛОН МОНГОЛ ДАХЬ ДЭЭД БОЛОВСРОЛТОЙ ХҮМҮҮСИЙН ЦАЛИН ЮУГААРАА ТӨСТЭЙ ВЭ?

Abstract

Abstract:  College enrollment in Mongolia has increased sharply over the last twenty years. As the number of college graduates is still on the rise, there is a growing concern whether higher education pays off in the country. In this paper, we measure the college wage premium using the Labor Force Survey of Mongolia, and compare the measured premium with those in other countries. We find that given the standard Mincerian regression, the college premium in Mongolia is comparable with that in the U.S., but higher than those in many European countries. We argue that the average wage of the college graduates in Mongolia is negatively related to college enrollment. The large regional gap in the college premium is consistent with large mobility differences among different educational groups of Mongolia.