EconStor >
Forschungsinstitut zur Zukunft der Arbeit (IZA), Bonn >
IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/20422
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorSabirianova, Klara Z.en_US
dc.contributor.authorFleisher, Belton M.en_US
dc.contributor.authorWang, Xiaojunen_US
dc.coverage.temporal1975-2002en_US
dc.date.accessioned2009-01-28T16:13:59Z-
dc.date.available2009-01-28T16:13:59Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/20422-
dc.description.abstractWe explore the pace of increase in returns to schooling during the transition from planning to market over time across a number of Central and Eastern European countries, Russia, and China. We use metadata from 33 studies of 10 transition economies covering a period from 1975 through 2002. Our empirical model is an attempt to account for crosssection and over-time variation in rates of return as a function of the timing, speed, and volatility of reform processes as well as estimation methods used and sample characteristics. Our principal aim is to investigate the relative strength of two hypotheses: (1) the speed of economic transformation from planning to market represent the relaxation of legal, regulatory, and institutional constraints on wage-setting behavior, leading directly to adjustment returns to schooling to market rates; 2) the rapid increase in returns to schooling during the early reform period reflects the ability of highly-educated individuals to respond to changing opportunities in a disequilibrium situation. We find that both the speed of reforms and the degree of economic disequilibrium as reflected in macroeconomic volatility help to explain cross-country differences in the time paths of the returns to schooling. We report the systematic effects of sample characteristics, estimation methods, and model specifications on estimated returns to schooling.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesIZA Discussion paper series 1182en_US
dc.subject.jelP5en_US
dc.subject.jelP2en_US
dc.subject.jelP3en_US
dc.subject.jelJ31en_US
dc.subject.jelJ24en_US
dc.subject.jelO15en_US
dc.subject.ddc330en_US
dc.subject.keywordreturns to schoolingen_US
dc.subject.keywordskillsen_US
dc.subject.keywordspeed of reformsen_US
dc.subject.keywordmeta-analysisen_US
dc.subject.keywordtransitionen_US
dc.subject.keywordCentral and Eastern Europeen_US
dc.subject.keywordChinaen_US
dc.subject.keywordRussiaen_US
dc.subject.stwBildungsertragen_US
dc.subject.stwÜbergangswirtschaften_US
dc.subject.stwSchätzungen_US
dc.subject.stwOsteuropaen_US
dc.subject.stwChinaen_US
dc.subject.stwRusslanden_US
dc.titleReturns to Skills and the Speed of Reforms : Evidence from Central and Eastern Europe, China, and Russiaen_US
dc.typeWorking Paperen_US
dc.identifier.ppn389193534en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

Files in This Item:
File Description SizeFormat
dp1182.pdf343.88 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.