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https://hdl.handle.net/10419/20422
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DC Field | Value | Language |
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dc.contributor.author | Sabirianova, Klara Z. | en |
dc.contributor.author | Fleisher, Belton M. | en |
dc.contributor.author | Wang, Xiaojun | en |
dc.date.accessioned | 2009-01-28T16:13:59Z | - |
dc.date.available | 2009-01-28T16:13:59Z | - |
dc.date.issued | 2004 | - |
dc.identifier.uri | http://hdl.handle.net/10419/20422 | - |
dc.description.abstract | We explore the pace of increase in returns to schooling during the transition fromplanning 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 aperiod from 1975 through 2002. Our empirical model is an attempt to account for crosssectionand over-time variation in rates of return as a function of the timing, speed, andvolatility 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 ofeconomic transformation from planning to market represent the relaxation of legal, regulatory,and institutional constraints on wage-setting behavior, leading directly to adjustment returnsto schooling to market rates; 2) the rapid increase in returns to schooling during the earlyreform period reflects the ability of highly-educated individuals to respond to changingopportunities in a disequilibrium situation. We find that both the speed of reforms and thedegree of economic disequilibrium as reflected in macroeconomic volatility help to explaincross-country differences in the time paths of the returns to schooling. We report thesystematic effects of sample characteristics, estimation methods, and model specificationson estimated returns to schooling. | en |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x1182 | en |
dc.subject.jel | P5 | en |
dc.subject.jel | P2 | en |
dc.subject.jel | P3 | en |
dc.subject.jel | J31 | en |
dc.subject.jel | J24 | en |
dc.subject.jel | O15 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | returns to schooling | en |
dc.subject.keyword | skills | en |
dc.subject.keyword | speed of reforms | en |
dc.subject.keyword | meta-analysis | en |
dc.subject.keyword | transition | en |
dc.subject.keyword | Central and Eastern Europe | en |
dc.subject.keyword | China | en |
dc.subject.keyword | Russia | en |
dc.subject.stw | Bildungsertrag | en |
dc.subject.stw | Übergangswirtschaft | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Osteuropa | en |
dc.subject.stw | China | en |
dc.subject.stw | Russland | en |
dc.title | Returns to Skills and the Speed of Reforms : Evidence from Central and Eastern Europe, China, and Russia | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 389193534 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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