Gleb S. RUDAEVInstitute of Economics and Industrial Engineering, Siberian Branch of Russian Academy of Sciences, Novosibirsk, Russian Federation rudaevgleb@gmail.com ORCID id: not available
Subject. The article investigates the impact of Master's degree in education on the salaries of graduates of Russian universities. Objectives. The purpose is to obtain empirical assessment of the impact of Master's degree on the salary level. Methods. The study employs statistical methods of data analysis, in particular regression analysis, panel regressions with random effects. Results. Based on the use of panel regression with random effects, controlling the expected work experience, education, and other factors, I assessed the effect of Master's degree on salary level. The availability of Master's degree increases remuneration by 16 thousand rubles on average, or by 24% relative to Bachelor's degree graduates, the effect is higher for women. Conclusions. Although the Master's degree is not a mandatory stage of higher education, it is highly likely to be useful for university graduates who do not plan to develop in teaching or science.
Keywords: высшее образование, магистратура, заработная плата, уравнение минцеровского типа, панельные регрессии
References:
Rozhkova K.V., Roshchin S.Yu., Travkin P.V. [From Combining Study and Work to Combining Work and Study? The Changing Model of Russian Higher Education]. Voprosy obrazovaniya, 2024, no. 2, pp. 286–322. (In Russ.) DOI: 10.17323/vo-2024-17242 EDN: JCPTGU
Senashenko V.S., Khalin V.G. [Trends in the reform of the Master's degree in the structure of Russian higher education]. Vysshee obrazovanie v Rossii, 2008, no. 3, pp. 9–21. (In Russ.) EDN: HNLTRL
Rozhkova K.V., Roshchin S.Yu., Solntsev S.A., Travkin P.V. [The return to master’s degree in the Russian labor market]. Voprosy Ekonomiki, 2021, no. 8, pp. 69–92. (In Russ.) DOI: 10.32609/0042-8736-2021-8-69-92 EDN: GBSXDR
Mel'nikov R.M. [Estimation of return on investment of Master's degree in Russian conditions]. Ekonomicheskii analiz: teoriya i praktika, 2022, vol. 21, iss. 4, pp. 665–689. (In Russ.) DOI: 10.24891/ea.21.4.665 EDN: UXFKLG
Rudaev G.S., Busygin S.V. [The dependence of the salary level on the availability of a Master’s degree in Russia]. Mir ekonomiki i upravleniya, 2021, vol. 21, no. 1, pp. 86–103. (In Russ.) DOI: 10.25205/2542-0429-2021-21-1-86-103 EDN: HTBBHI
Kroshilin S.V., Medvedeva E.I. [The methodology of ranking federal districts by socio-economic indicator]. Narodonaselenie, 2024, vol. 27, no. 3, pp. 85–97. (In Russ.) DOI: 10.24412/1561-7785-2024-3-85-97 EDN: WUBVEN
Mincer J. Investments in human capital and personal income distribution. The Journal of Political Economy, 1958, vol. 66, iss. 4, pp. 281–30 DOI: 10.1086/258055
