Title:	The wage effects of schooling under socialism and in transition : evidence from Romania, 1950-2000 / Daniela Andrén, John Earle, Dana Sapatoru.
Author:	Andrén, Daniela
	Earle, John
	Sapatoru, Dana
Document type:	General
Publication details:	New York : Elvisier, 2005
Language:	English
Media/format:	Article
Refernet Number:	ROM00152
Available items:	none

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Abstract:

We estimate the impact of schooling on monthly earnings from 1950 to 2000 in Romania. Nearly constant at about 3 to 4% during the socialist period, the coefficient on years of schooling in a conventional earnings regression rises steadily during the 1990s, reaching 8.5% by 2000. Our analysis finds little evidence for the standard explanations of the increased return to schooling in the West, such as labor supply movements, product demand shifts, and technical change. Nor is the increase fully explained by the transition-specific accounts sometimes offered, including wage liberalization, border opening, and increased quality of education. However, we find some support for institutional and organizational explanations, particularly the high productivity of education in restructuring and entrepreneurial activities in a disequilibrium environment.  We estimate the impact of schooling on monthly earnings from 1950 to 2000 in Romania. Nearly constant at about 3 to 4% during the socialist period, the coefficient on years of schooling in a conventional earnings regression rises steadily during the 1990s, reaching 8.5% by 2000. Our analysis finds little evidence for the standard explanations of the increased return to schooling in the West, such as labor supply movements, product demand shifts, and technical change. Nor is the increase fully explained by the transition-specific accounts sometimes offered, including wage liberalization, border opening, and increased quality of education. However, we find some support for institutional and organizational explanations, particularly the high productivity of education in restructuring and entrepreneurial activities in a disequilibrium environment. read less ...

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Long title:

The wage effects of schooling under socialism and in transition : evidence from Romania, 1950-2000 / Daniela Andrén, John Earle, Dana Sapatoru.  The wage effects of schooling under socialism and in transition : evidence from Romania, 1950-2000 / Daniela Andrén, John Earle, Dana Sapatoru. read less ...

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Reproduction:

2005 Association for Comparative Economic Studies Published by Elsevier Inc  2005 Association for Comparative Economic Studies Published by Elsevier Inc read less ...

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Journal title:

Journal of Comparative Economics Vol 33, No 2, pp. 300-323  Journal of Comparative Economics Vol 33, No 2, pp. 300-323 read less ...

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