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Year 2012, Volume: 1 Issue: 2, 69 - 75, 01.12.2012

Abstract

References

  • Card D. (1999) “The casual effect of education on earnings.” In: Handbook of Labour Economics, O.Ashenfelter and D.Card (eds.), Amsterdam: North Holland
  • Cohn, E., and J.T. Addison. (1998), “The economic returns to lifelong learning.” Education Economics, vol. 6, no. 3, pp. 253–308.
  • Cutler, D., and L. Katz. (1992). “Rising inequality? Changes in the distribution of income and consumption in the 1980’s.” American Economic Review, vol. 82, no. 2, pp. 546–551.
  • Deaton, A. and C. Paxson. (1994). “Intertemporal choice and inequality.” Journal of Political Economy, vol. 102, no. 3, pp. 437–467.
  • Duygan, B. and N. Guner. (2006) “Income and consumption inequality in Turkey: What role does education play?” In: The Turkish Economy: The Real Economy, Corporate Governance and Reform and Stabilization Policy. S. Altuğ and A. Filiztekin (eds.), Chapter 2, Oxon, OX: Routledge Curzon Studies in Middle Eastern Economies.
  • Krueger, D., and F. Perri. (2002). “Does income inequality lead to consumption inequality.” NBER Working Paper no. 9202.
  • Mayer, S. and C. Jencks. (1993). “Recent trends in economic inequality in the United States: Income versus expenditures versus well-being.” In: Poverty and Prosperity in the USA in the Late Twentieth Century, Papadimitriou, D and E. Wol. (eds.), Chapter 27, New York, NY: St. Martin’s Press.
  • Mincer, J. (1974). “Schooling, experience, and earnings”, New York, NY: National Bureau of Economic Research.
  • Psacharopoulos, G. (1985). “Returns to education: A further international update and implications”, Journal of Human Resources, vol. 20, no.4, pp. 583-604.
  • Psacharopoulos, G. (1994). “Returns to investment in education: A global update”, World Development, vol. 22, no.9, pp. 1325–1343.

Education and Consumption Differentials: Evidence from an Emerging Country

Year 2012, Volume: 1 Issue: 2, 69 - 75, 01.12.2012

Abstract

This paper investigates the effects of education level on consumption in an emerging country by using the 2004 Turkish Household Budget Survey. Education level is very important in determining consumption quintiles. There is no person with a graduate degree found in the poorest twenty percent and only 0.18 percent of poorest quintile consists of people with a bachelor degree. Regression analysis shows that one extra year of schooling increases consumption by 10.2 percent on average and people with a graduate degree consume about 201.6 percent more than illiterate people in Turkey

References

  • Card D. (1999) “The casual effect of education on earnings.” In: Handbook of Labour Economics, O.Ashenfelter and D.Card (eds.), Amsterdam: North Holland
  • Cohn, E., and J.T. Addison. (1998), “The economic returns to lifelong learning.” Education Economics, vol. 6, no. 3, pp. 253–308.
  • Cutler, D., and L. Katz. (1992). “Rising inequality? Changes in the distribution of income and consumption in the 1980’s.” American Economic Review, vol. 82, no. 2, pp. 546–551.
  • Deaton, A. and C. Paxson. (1994). “Intertemporal choice and inequality.” Journal of Political Economy, vol. 102, no. 3, pp. 437–467.
  • Duygan, B. and N. Guner. (2006) “Income and consumption inequality in Turkey: What role does education play?” In: The Turkish Economy: The Real Economy, Corporate Governance and Reform and Stabilization Policy. S. Altuğ and A. Filiztekin (eds.), Chapter 2, Oxon, OX: Routledge Curzon Studies in Middle Eastern Economies.
  • Krueger, D., and F. Perri. (2002). “Does income inequality lead to consumption inequality.” NBER Working Paper no. 9202.
  • Mayer, S. and C. Jencks. (1993). “Recent trends in economic inequality in the United States: Income versus expenditures versus well-being.” In: Poverty and Prosperity in the USA in the Late Twentieth Century, Papadimitriou, D and E. Wol. (eds.), Chapter 27, New York, NY: St. Martin’s Press.
  • Mincer, J. (1974). “Schooling, experience, and earnings”, New York, NY: National Bureau of Economic Research.
  • Psacharopoulos, G. (1985). “Returns to education: A further international update and implications”, Journal of Human Resources, vol. 20, no.4, pp. 583-604.
  • Psacharopoulos, G. (1994). “Returns to investment in education: A global update”, World Development, vol. 22, no.9, pp. 1325–1343.
There are 10 citations in total.

Details

Other ID JA65EA89BE
Journal Section Research Article
Authors

Arif Oduncu This is me

Publication Date December 1, 2012
Published in Issue Year 2012 Volume: 1 Issue: 2

Cite

APA Oduncu, A. (2012). Education and Consumption Differentials: Evidence from an Emerging Country. Afro Eurasian Studies, 1(2), 69-75.

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