@techreport{Pastore2004Private,
abstract = {The gradualist approach to economic transition in Belarus would contribute to form the a
priori expectation that the rate of return to education is low and the earnings profile by work
experience flat, like they supposedly were under central-planning. However, the first available
estimates of Mincerian earnings equations based on the Belarusian Household Survey on
Incomes and Expenditure suggest that the skill payoff was high in 1996, at about 10.1% per
year, and stable. The return to one year of work experience is also high at 5%. This result
maintains also after controlling for sample selection bias, despite a general reduction in the
annual rate of return to education by about 20-30%. Though, it is ambiguous whether the
high-skill payoff is the consequence of market forces coming into play or of policy decisions,
considering the pervasive role of the state in the process of wage determination.},
author = {Francesco Pastore and Alina Verashchagina},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {P52; J31; 330; educational economics; returns to human capital; economic transition; Belarus; Bildungsertrag; Humankapital; \"{U}bergangswirtschaft; Weissrussland},
language = {eng},
number = {1409},
title = {Private Returns to Human Capital over Transition : A Case Study of Belarus},
type = {IZA Discussion paper series},
url = {http://hdl.handle.net/10419/20707},
year = {2004}
}
