After, Before and During: Returns to Education in Hungary (1986-1998)

Nauro Campos and Dean Jolliffe

No 4215, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: How valuable are the skills acquired under socialism in a market economy? This Paper throws light on this question using unique data covering the years before and during transition (1986-98) for about 3 million Hungarian wage earners. We find that returns to a year of schooling increased by 75% from 6.4% in 1986 to 11.2% in 1998. We also find that the private sector rewards formal education more than the public and, in terms of gender, although in 1986 women had greater returns to schooling than men, by 1998 this difference had been eliminated.

Keywords: Human capital; Hungary; Transition economics (search for similar items in EconPapers)
JEL-codes: I20 J20 J24 J31 O15 O52 P20 (search for similar items in EconPapers)
Date: 2004-02
New Economics Papers: this item is included in nep-edu, nep-his and nep-tra
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Citations: View citations in EconPapers (4)

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Journal Article: After, before and during: returns to education in Hungary (1986-1998) (2003)
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