Human Capital, Consumption, and Housing Wealth in Transition

Jarko Fidrmuc and Matus Senaj

No WP 2/2012, Working and Discussion Papers from Research Department, National Bank of Slovakia

Abstract: This paper focuses on human capital and housing in Slovakia during the economic reforms of the last two decades. We compare households that entered the labour market before and after the economic reforms in 1990. On the one hand, we study the returns to education in different labour market cohorts using household consumption surveys. On the other hand, we analyse the determinants of housing wealth and its impact on consumption. We show that old cohorts are characterised by lower returns to human capital and consumption levels, but higher housing wealth. Thus, we do not identify a clear pattern of winners and losers from transition.

Keywords: consumption function; housing wealth effect; human capital; survey data (search for similar items in EconPapers)
JEL-codes: C31 D12 J24 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2012-05
New Economics Papers: this item is included in nep-lab, nep-tra and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.nbs.sk/_img/Documents/PUBLIK/WP_2-2012.pdf (application/pdf)

Related works:
Working Paper: Human Capital, Consumption, and Housing Wealth in Transition (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:svk:wpaper:1017

Access Statistics for this paper

More papers in Working and Discussion Papers from Research Department, National Bank of Slovakia Contact information at EDIRC.
Bibliographic data for series maintained by ().