Institutions of Higher Education in the Russian Federation: Budgetary and Private Impact of Education at the University Level
https://doi.org/10.15826/umpa.2021.04.022
Abstract
This article considers at the university level the graduates’ income information, as well as budgetary and private cost estimates to determine budgetary and private impact of education using the calculation of internal rate of return. Since the graduates’ income information is available for only three-year period after the graduation, the synthetic profile of the graduates’ income during their lives is constructed according to the regional microdata. Results of the calculation show that the average impact of higher education is about 9 %, which is consistent with other estimates. In addition to list of universities indicating their impact, the article presents conclusions and recommendations, based on the analysis of the impact’s types and the correlation with other parameters, particularly with Unified State Examination scores for entry into higher education. The article’s value consists in demonstration of the possible approach for estimates, considering impact of investment in higher education at the university, faculty or department level. Researchers of the future can build on methodology and estimates, presented in this article, to obtain more accurate and reliable data on private impact of investment in higher education.
Supporting agencies: The authors express gratitude to the Ministry of Education for public disclosure of data on the graduates’ income, available at graduate.ru, to the Ministry of Finances for disclosure of data on the income, received by all government agencies, including colleges and universities, available at bus.gov.ru, to the company Headhunter.ru for providing access on a pilot basis to the appropriately anonymous data, as well as to the National Research University “Higher School of Economics” (HSE University) for data on Unified State Examination for entry into higher education.
About the Authors
S. Parandekar
The World Bank
Russian Federation
Russian Federation
Suhas D. Parandekar – PhD (Economics), Senior Economist
36/1, Bolshaya Molchanovka st., Moscow, 121069
A. Volgin
The World Bank
Russian Federation
Russian Federation
Artem D. Volgin – Consultant
36/1, Bolshaya Molchanovka st., Moscow, 121069
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Review
For citations:
Parandekar S., Volgin A. Institutions of Higher Education in the Russian Federation: Budgetary and Private Impact of Education at the University Level. University Management: Practice and Analysis. 2021;25(4):6-24. (In Russ.) https://doi.org/10.15826/umpa.2021.04.022
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