DOES HIGHER EDUCATION GENERATE HIGHER WAGES IN THE CZECH ICT?

The aim of this article is to compare the wages of IT professionals in the Czech Republic by education and to compare these salaries with the rest of the Czech economy. The source of data for our analysis is the sample ISAE (Information System on Average Earnings). Specifically, we will compare the average wages of workers of ICT by educational attainment. The first category is 'Specialists in the field of information and communication technologies', the second 'Technicians in the field of information and communication technologies'. When comparing the level of education will consider the following six categories: primary, specialised school, high school, bachelor, master, PhD. The wages will be compared over time as we have the average wages for the period 2000-2014. As the benchmarks we will use basic statistical data-number of observations, average, standard deviation, some quantiles (10%, 25%, 50%, 75%, 90%), and available working time. All comparisons and analyses are made in MS Excel. The results are presented in the form of tables and graphs. Because this is a comparison of time series, we will also be interested in the growth rate and its trend.