Changing Composition of Human Capital the Czech Republic, Hungary and Poland

25 Pages Posted: 14 Mar 2008

See all articles by Byeongju Jeong

Byeongju Jeong

Charles University in Prague - CERGE-EI (Center for Economic Research and Graduate Education - Economics Institute)

Michal Kejak

Charles University in Prague - CERGE-EI (Center for Economic Research and Graduate Education - Economics Institute)

Viatcheslav Vinogradov

Charles University in Prague - CERGE-EI (Center for Economic Research and Graduate Education - Economics Institute)

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Abstract

We show that business education/occupations have expanded and that 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 the earlier timing of its transition. We construct an aggregate model in which labor reallocates in response to changing demand structure. When calibrated with 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 between 8 and 40 percent of 1990 GDP.

Suggested Citation

Jeong, Byeongju and Kejak, Michal and Vinogradov, Viatcheslav, Changing Composition of Human Capital the Czech Republic, Hungary and Poland. Economics of Transition, Vol. 16, Issue 2, pp. 247-271, April 2008, Available at SSRN: https://ssrn.com/abstract=1105993 or http://dx.doi.org/10.1111/j.1468-0351.2008.00320.x

Byeongju Jeong (Contact Author)

Charles University in Prague - CERGE-EI (Center for Economic Research and Graduate Education - Economics Institute) ( email )

P.O. Box 882
7 Politickych veznu
Prague 1, 111 21
Czech Republic

HOME PAGE: http://www.cerge-ei.cz

Michal Kejak

Charles University in Prague - CERGE-EI (Center for Economic Research and Graduate Education - Economics Institute) ( email )

Politickych veznu 7
Prague 1, 111 21
Czech Republic

HOME PAGE: http://www.cerge-ei.cz

Viatcheslav Vinogradov

Charles University in Prague - CERGE-EI (Center for Economic Research and Graduate Education - Economics Institute) ( email )

P.O. Box 882
7 Politickych veznu
Prague 1, 111 21
Czech Republic

HOME PAGE: http://www.cerge-ei.cz

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