After, before and during: returns to education in Hungary (1986-1998)
AbstractHow valuable are the skills acquired under socialism in a market economy? This Paper throws light on this question using unique data covering the years before and during transition (1986-98) for about 3 million Hungarian wage earners. We find that returns to a year of schooling increased by 75% from 6.4% in 1986 to 11.2% in 1998. We also find that the private sector rewards formal education more than the public and, in terms of gender, although in 1986 women had greater returns to schooling than men, by 1998 this difference had been eliminated.
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Bibliographic InfoArticle provided by Elsevier in its journal Economic Systems.
Volume (Year): 27 (2003)
Issue (Month): 4 (December)
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Other versions of this item:
- Campos, Nauro F & Jolliffe, Dean, 2004. "After, Before and During: Returns to Education in Hungary (1986-1998)," CEPR Discussion Papers 4215, C.E.P.R. Discussion Papers.
- I20 - Health, Education, and Welfare - - Education - - - General
- J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
- P - Economic Systems
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