Tell me who your co-worker is and I will tell you how much you earn

Human capital spillovers in the Greek health sector

Bibliographic Data

ID21696771
AuthorsStefanos Chanis (University of Piraeus), Konstantinos Eleftheriou (0000-0003-4423-8451, University of Piraeus, corresponding author), Stamatina Hadjidema (University of Piraeus), Vasileios Katavelis (0009-0008-8080-4215, University of Piraeus)
Year2021
Volume34
Issue2
Pages128-142
Publication date2021-02-17
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueBritish Journal of Education & Work (JOURNAL)
Journal identifiersISSN: 0269-0004 • E-ISSN: 1469-9435
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/13639080.2021.1897550
OpenAlexW3144954806
LanguageEN
References cited55

Using cross-sectional data, collected via a survey from the Greek healthcare sector, we estimate both the private (direct) and public/social (indirect) returns to education from an increase in an employee’s educational level. By utilising a spatial econometrics approach, we control for the aggregation problems that plague the majority of the existing literature. The results demonstrate the existence of statistically and economically significant spillover effects, irrespective of whether the educational ‘distance’ between employees is increased or decreased, and indicate that traditional estimates of the rate of return to education are significantly biased when not accounting for spillover effects

Demographic economics · Economic growth · Economics · Human capital · Labour economics · Microeconomics · Private sector · Public sector · Rate of return · Spillover effect · Economic Growth and Productivity · Fiscal Policy and Economic Growth · Global Health Care Issues · Finance