Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/20422 
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dc.contributor.authorSabirianova, Klara Z.en
dc.contributor.authorFleisher, Belton M.en
dc.contributor.authorWang, Xiaojunen
dc.date.accessioned2009-01-28T16:13:59Z-
dc.date.available2009-01-28T16:13:59Z-
dc.date.issued2004-
dc.identifier.urihttp://hdl.handle.net/10419/20422-
dc.description.abstractWe 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.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x1182en
dc.subject.jelP5en
dc.subject.jelP2en
dc.subject.jelP3en
dc.subject.jelJ31en
dc.subject.jelJ24en
dc.subject.jelO15en
dc.subject.ddc330en
dc.subject.keywordreturns to schoolingen
dc.subject.keywordskillsen
dc.subject.keywordspeed of reformsen
dc.subject.keywordmeta-analysisen
dc.subject.keywordtransitionen
dc.subject.keywordCentral and Eastern Europeen
dc.subject.keywordChinaen
dc.subject.keywordRussiaen
dc.subject.stwBildungsertragen
dc.subject.stwÜbergangswirtschaften
dc.subject.stwSchätzungen
dc.subject.stwOsteuropaen
dc.subject.stwChinaen
dc.subject.stwRusslanden
dc.titleReturns to Skills and the Speed of Reforms : Evidence from Central and Eastern Europe, China, and Russia-
dc.typeWorking Paperen
dc.identifier.ppn389193534en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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