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Income, Schooling and Housing Wealth during Economic Reforms

Author

Listed:
  • Jarko FIDRMUC

    (Zeppelin University Friedrichshafen; Institute of East and Southeast European Studies (IOS), Regensburg; and Charles University Prague, Institute of Economic Studies)

  • Matus SENAJ

    (National Bank of Slovakia, Research Department, and Comenius University, Bratislava)

Abstract

We analyze the household income and housing endowment during the economic reforms in Slovakia. We compare households that entered the labor market before and after the economic reforms in 1990. On the one hand, the returns to education are significantly different for both labor market cohorts according to household consumption surveys. On the other hand, we analyze the determinants of housing wealth and their resulting impact on consumption. The results imply that old cohorts are characterized by lower returns to schooling, but higher housing wealth. As a result, we cannot identify a clear pattern of winners and losers in the transition.

Suggested Citation

  • Jarko FIDRMUC & Matus SENAJ, 2014. "Income, Schooling and Housing Wealth during Economic Reforms," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 64(2), pages 160-176, March.
    • Handle: RePEc:fau:fauart:v:64:y:2014:i:2:p:160-176
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    References listed on IDEAS

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    Cited by:

    1. Fidrmuc, Jarko & Wörgötter, Andreas, 2014. "Euro Membership, Foreign Banks And Credit Developments During The Financial Crisis In Slovakia: A Case Study," Review of Agricultural and Applied Economics (RAAE), Faculty of Economics and Management, Slovak Agricultural University in Nitra, vol. 17(1), March.
    2. Zuzana Brokesova & Andrej Cupak & Gueorgui Kolev, 2017. "Financial literacy and voluntary savings for retirement in Slovakia," Working and Discussion Papers WP 10/2017, Research Department, National Bank of Slovakia.
    3. repec:ags:aoeisl:170471 is not listed on IDEAS

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    More about this item

    Keywords

    schooling; housing wealth; privatization; survey data;
    All these keywords.

    JEL classification:

    • C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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