Do markets favor women's human capital more than planners?
By: by Daniel Münich, Jan Svejnar, Katherine Terrell.
Contributors: Svejnar, Jan.; Terrell, Kathy.
Series: Discussion paper ;; no. 1393; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) ;; no. 1393
Publisher: IZA
Published: 2004
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: Wages -- Women -- Czech Republic.
Description: "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. privately owned 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"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Includes bibliographical references.
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