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http://hdl.handle.net/10419/20707
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| Title: | | Private Returns to Human Capital over Transition : A Case Study of Belarus  |
| Authors: | | Pastore, Francesco Verashchagina, Alina |
| Issue Date: | | 2004 |
| Series/Report no.: | | IZA Discussion paper series 1409 |
| 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. |
| Subjects: | | educational economics returns to human capital economic transition Belarus |
| JEL: | | P52 J31 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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