Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/20690
Authors: 
Münich, Daniel
Svejnar, Jan
Terrell, Katherine
Year of Publication: 
2004
Series/Report no.: 
IZA Discussion paper series 1393
Abstract: 
Using micro data on women in the Czech Republic, we compare returns to various measures of human capital at the end of communism (1989), in mid-transition (1996) and in late/posttransition (2002). We show: dramatic increases in returns to education from 1989 to 1996 but no change from 1996 to 2002; no differences in returns to education by state vs. privatelyowned firms; ?sheepskin? effects in both regimes, which rise over time and are similar across firm ownership; no difference in returns to education obtained during communism vs. transition; no change in wage-experience profiles over time; and similar increases in returns to education for women and men. In sum, markets pay women and men equally more for their human capital than the planners did; all the adjustment occurred in early transition and was driven by market forces rather than private ownership.
Subjects: 
human capital
wages
transition
sheepskin effects
Czech Republic
JEL: 
P31
P20
J31
J24
Document Type: 
Working Paper

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