Returns to the Market: Valuing Human Capital in the Post-Transition Czech and Slovak Republics

CERGE-EI Working Paper Series No. 125

27 Pages Posted: 22 Jan 2010

See all articles by Randall K. Filer

Randall K. Filer

City University of New York, CUNY Hunter College - Department of Economics; Charles University in Prague - CERGE-EI (Center for Economic Research and Graduate Education - Economics Institute); University of Michigan at Ann Arbor - The William Davidson Institute; CESifo (Center for Economic Studies and Ifo Institute)

Stepan Jurajda

CERGE-EI; IZA Institute of Labor Economics; Academy of Sciences, Czech Republic

Jan Planovsky

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

Multiple version iconThere are 2 versions of this paper

Date Written: April 1, 1998

Abstract

An employer-based sample of over 660,000 Czech and 260,000 Slovak workers is used to estimate the benefits of education in 1995 to 1997. By 1997 education of all types had become substantially more highly rewarded in both countries than it was either under communism or in the early years of the transition. Education’s value began increasing earlier and reached a higher level in the Czech Republic than in Slovakia. Findings suggest that returns to unmeasured human capital or productive characteristics have also increased. Only eight years after the fall of communism, returns to human capital were on average as large or larger than in comparable, developed market economies.

Suggested Citation

Filer, Randall K. and Jurajda, Stepan and Planovsky, Jan, Returns to the Market: Valuing Human Capital in the Post-Transition Czech and Slovak Republics (April 1, 1998). CERGE-EI Working Paper Series No. 125. Available at SSRN: https://ssrn.com/abstract=1539706 or http://dx.doi.org/10.2139/ssrn.1539706

Randall K. Filer (Contact Author)

City University of New York, CUNY Hunter College - Department of Economics ( email )

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HOME PAGE: http://econ.hunter.cuny.edu/faculty/filer/

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

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

University of Michigan at Ann Arbor - The William Davidson Institute

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Ann Arbor, MI 48109-1234
United States

CESifo (Center for Economic Studies and Ifo Institute)

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Germany

Stepan Jurajda

CERGE-EI ( email )

Politickych veznu 7
Prague 1, 111 21
Czech Republic

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

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Academy of Sciences, Czech Republic

Narodni 3, 111 42
Economics Institute
Praha 1
Czech Republic

Jan Planovsky

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

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

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

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