Returns to skills and the speed of reforms. Evidence from Central and Eastern Europe, China, and Russia.

Autor/inn/en	Fleisher, Belton M.; Sabirianova, Klara; Wang, Xiaojun
Titel	Returns to skills and the speed of reforms. Evidence from Central and Eastern Europe, China, and Russia.
Quelle	Bonn: IZA (2004) PDF als Volltext kostenfreie Datei (1); PDF als Volltext kostenfreie Datei (2) Link als defekt meldenVerfügbarkeit
Reihe	Discussion paper / Forschungsinstitut zur Zukunft der Arbeit (Bonn). 1182
Beigaben	Tabellen
Sprache	englisch
Dokumenttyp	online; Monographie
Schlagwörter	Bildung; Empirische Untersuchung; Metaanalyse; Bildung; China; Einkommen; Estland; Marktwirtschaft; Polen; Rumänien; Slowakei; Slowenien; Ukraine; Russland; Ungarn; Reform; Internationaler Vergleich; Metaanalyse; Transformation; Transformation; Einkommen; Marktwirtschaft; Ökonomie; Internationaler Vergleich; Reform; China; Estland; Polen; Rumänien; Russland; Slowakei; Slowenien; Tschechische Republik; Ukraine; Ungarn
Abstract	The authors explore the pace of increase in returns to schooling during the transition from planning to market over time across a number of Central and Eastern European countries, Russia, and China. They use metadata from 33 studies of 10 transition economies covering a period from 1975 through 2002. Their empirical model is an attempt to account for cross-section and over-time variation in rates of return as a function of the timing, speed, and volatility of reform processes as well as estimation methods used and sample characteristics. Their principal aim is to investigate the relative strength of two hypotheses: 1) the speed of economic transformation from planning to market represents the relaxation of legal, regulatory, and institutional constraints on wage-setting behaviour, leading directly to adjustment returns to schooling to market rates; 2) the rapid increase in returns to schooling during the early reform period reflects the ability of highly-educated individuals to respond to changing opportunities in a disequilibrium situation. The authors find that both the speed of reforms and the degree of economic disequilibrium as reflected in macroeconomic volatility help to explain cross-country differences in the time paths of the returns to schooling. They report the systematic effects of sample characteristics, estimation methods, and model specifications on estimated returns to schooling. (DIPF/Orig.).
Erfasst von	DIPF \| Leibniz-Institut für Bildungsforschung und Bildungsinformation, Frankfurt am Main
Update	2005/4