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After, Before and During: Returns to Education in the Hungarian Transition

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  • Nauro F. Campos

    ()

  • Dean Jolliffe

Abstract

How valuable are the education and skills acquired under socialism in a market economy? This paper uses data for about 3 million Hungarian wage earners, from 1986 to 1998, to throw light on this question. We find that returns to schooling reach 10 percent early on and remain at this high level. These estimates are larger than for other transition economies, but similar to those for middle-income developing countries. With the gap in average years of schooling unremitting, we argue that the Hungarian stock of human capital is considerably less than the existing figures have led us to believe.

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File URL: http://www.wdi.umich.edu/files/Publications/WorkingPapers/wp475.pdf
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Bibliographic Info

Paper provided by William Davidson Institute at the University of Michigan in its series William Davidson Institute Working Papers Series with number 475.

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Length: 35 pages
Date of creation: 01 Apr 2002
Date of revision:
Handle: RePEc:wdi:papers:2002-475

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Keywords: Human Capital; Labor Markets; Transition Economies; Hungary;

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  1. Card, David, 1999. "The causal effect of education on earnings," Handbook of Labor Economics, Elsevier, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 30, pages 1801-1863 Elsevier.
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Citations

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Cited by:
  1. repec:rej:journl:v:15:y:2012:i:43:p:23-44 is not listed on IDEAS
  2. Mihails Hazans & Olga Rastrigina & Ija Trapeznikova, 2005. "Family background and schooling outcomes before and during the transition - Evidence from the Baltic countries," Labor and Demography, EconWPA 0505002, EconWPA.
  3. Lamo, Ana & Messina, Julián & Wasmer, Etienne, 2011. "Are specific skills an obstacle to labor market adjustment?," Labour Economics, Elsevier, Elsevier, vol. 18(2), pages 240-256, April.
  4. Campos, Nauro F & Jolliffe, Dean, 2004. "After, Before and During: Returns to Education in Hungary (1986-1998)," CEPR Discussion Papers, C.E.P.R. Discussion Papers 4215, C.E.P.R. Discussion Papers.
  5. Fleisher, Belton M. & Sabirianova, Klara & Wang, Xiaojun, 2005. "Returns to skills and the speed of reforms: Evidence from Central and Eastern Europe, China, and Russia," Journal of Comparative Economics, Elsevier, vol. 33(2), pages 351-370, June.
  6. Avdullah Hoti, 2004. "Human Capital and Unemployment in Transition Economies: The Case of Kosova," Labor and Demography, EconWPA 0412007, EconWPA.

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