Do Markets Favor Women's Human Capital More than Planners?

Daniel Münich, Jan Svejnar and Katherine Terrell

No 1393, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Using micro data on women in the Czech Republic, we compare returns to various measures of human capital at the end of communism (1989), in mid-transition (1996) and in late/posttransition (2002). We show: dramatic increases in returns to education from 1989 to 1996 but no change from 1996 to 2002; no differences in returns to education by state vs. privatelyowned firms; "sheepskin" effects in both regimes, which rise over time and are similar across firm ownership; no difference in returns to education obtained during communism vs. transition; no change in wage-experience profiles over time; and similar increases in returns to education for women and men. In sum, markets pay women and men equally more for their human capital than the planners did; all the adjustment occurred in early transition and was driven by market forces rather than private ownership.

Keywords: transition; human capital; wages; sheepskin effects; Czech Republic (search for similar items in EconPapers)
JEL-codes: J24 J31 P20 P31 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2004-11
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Published - published in: Journal of Comparative Economics, 2005, 33 (2), 278-298

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Working Paper: Do Markets Favour Women's Human Capital More Than Planners? (2004)
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