Stanislav Avdeev has been awarded for the best master's thesis in economics
Stanislav Avdeev, Research Assistant at CInSt, has received an award in the best master's thesis competition in economics held by the European University at Saint Petersburg. The topic of the paper is "Zero Returns to Higher Education: Evidence from a Natural Experiment". Victor Rudakov, Research Fellow at CInSt, Senior Research Fellow at LLMS, is a supervisor of Stanislav's thesis.
This paper estimates the causal effect of one year of university education on wages and employment. Stanislav finds no adverse effect of a one–year reduction on wages and on the probability of being employed. This suggests that the reform lowered the opportunity costs of education but did not affect the accumulation of specific skills relevant for the labour market.