This paper summarizes existing hard evidence concerning the changing value of human capital in Slovenia's transition to a market system. It investigates changes in patterns of job mobility (via estimating multinomial logit and hazard models) and changes in the structure of wages (via earnings functions) associated with education, experience, gender, and ethnicity. Data are drawn from unusually rich administrative data sets that include personal characteristics, work history, and earnings for virtually all labor force participants. All evidence points to rapidly increasing marginal returns to human capital in transition economies.
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Paper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number
5126.
Length: Date of creation: 01 Mar 2002 Date of revision: Publication status: Published in European Economic Review, April 1997, Vol. 41, pp. 893-904. Handle: RePEc:isu:genres:5126
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