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Changing Composition of Human Capital: The Czech Republic, Hungary, and Poland

Author

Listed:
  • Byeongju Jeong
  • Michal Kejak
  • Viatcheslav Vinogradov

Abstract

We show that the business education/occupations have expanded and that the technical education/occupations have contracted in the Czech Republic and Poland since 1990. We interpret these changes as an adjustment necessary for their transition to a market economy. We do not find the same pattern in Hungary, which we attribute to its earlier timing of transition. We construct an aggregate model in which labor reallocates in response to changing demand structure. When calibrated to the Czech and Polish data, the model generates a large movement of workers with technical education and experience into business occupations in the early 1990s. The discounted sum of output loss due to the gap between the demand structure and the composition of existing human capital amounts to 20 to 40 percent of 1990 GDP.

Suggested Citation

  • Byeongju Jeong & Michal Kejak & Viatcheslav Vinogradov, 2005. "Changing Composition of Human Capital: The Czech Republic, Hungary, and Poland," CERGE-EI Working Papers wp248, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
  • Handle: RePEc:cer:papers:wp248
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    File URL: http://www.cerge-ei.cz/pdf/wp/Wp248.pdf
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    Keywords

    Human capital; Composition; Occupation; Education; Mobility; Transition.;

    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion
    • P23 - Economic Systems - - Socialist Systems and Transition Economies - - - Factor and Product Markets; Industry Studies; Population
    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical

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