Winners and Losers in Transition: Returns to Education, Experience, and Gender in Slovenia
AbstractThis article, using an unusually rich data set on Slovenian workers over the 1987-91 period, explores changes in the structure of wages and employment produced by transition to a market economy. Employment and real wages fell dramatically over the period, but the losses were borne disproportionately by the least skilled. Across all sectors of the economy, relative wages and employment rose for the most-educated workers. Women gained in comparison with men, primarily because women occupied sectors less adversely affected by the transition. Pension policies, which encouraged retirement, are shown to have drastically reduced employment of experienced workers and helped contribute to rising returns to skill. Increases in returns to education and experience contributed to rising wage inequality, but the variance of wages increased for workers with identical skills as well. Copyright 1995 by Oxford University Press.
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Bibliographic InfoPaper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 5270.
Date of creation: 01 May 1995
Date of revision:
Publication status: Published in World Bank Economic Review, May 1995,, pp. 201-230
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Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
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Other versions of this item:
- Orazem, Peter F & Vodopivec, Milan, 1995. "Winners and Losers in Transition: Returns to Education, Experience, and Gender in Slovenia," World Bank Economic Review, World Bank Group, vol. 9(2), pages 201-30, May.
- Orazem, Peter F. & Vodopivec, Milan, 1994. "Winners and losers in transition : returns to education, experience, and gender in Slovenia," Policy Research Working Paper Series 1342, The World Bank.
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