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Returns to Skills and the Speed of Reforms : Evidence from Central and Eastern Europe, China, and Russia

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dc.creator Sabirianova, Klara Z.
dc.creator Fleisher, Belton M.
dc.creator Wang, Xiaojun
dc.date 2004
dc.date.accessioned 2013-10-16T07:10:27Z
dc.date.available 2013-10-16T07:10:27Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/20422
dc.identifier ppn:389193534
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/20422
dc.description We 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. We use metadata from 33 studies of 10 transition economies covering a period from 1975 through 2002. Our empirical model is an attempt to account for crosssection 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. Our principal aim is to investigate the relative strength of two hypotheses: (1) the speed of economic transformation from planning to market represent the relaxation of legal, regulatory, and institutional constraints on wage-setting behavior, 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. We 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. We report the systematic effects of sample characteristics, estimation methods, and model specifications on estimated returns to schooling.
dc.language eng
dc.relation IZA Discussion paper series 1182
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject P5
dc.subject P2
dc.subject P3
dc.subject J31
dc.subject J24
dc.subject O15
dc.subject ddc:330
dc.subject returns to schooling
dc.subject skills
dc.subject speed of reforms
dc.subject meta-analysis
dc.subject transition
dc.subject Central and Eastern Europe
dc.subject China
dc.subject Russia
dc.subject Bildungsertrag
dc.subject Übergangswirtschaft
dc.subject Schätzung
dc.subject Osteuropa
dc.subject China
dc.subject Russland
dc.title Returns to Skills and the Speed of Reforms : Evidence from Central and Eastern Europe, China, and Russia
dc.type doc-type:workingPaper
dc.coverage 1975-2002

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