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Value of Human Capital in Transition Market: Evidence from Slovenia September 1996

Author

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  • Orazem, Peter
  • Vodopivec, Milan

Abstract

This paper summarizes existing hard evidence concerning the changing value of human capital in Slovenia's transition to a market system. It investigates changes in patterns of job mobility (via estimating multinomial logit and hazard models) and changes in the structure of wages (via earnings functions) associated with education, experience, gender, and ethnicity. Data are drawn from unusually rich administrative data sets that include personal characteristics, work history, and earnings for virtually all labor force participants. All evidence points to rapidly increasing marginal returns to human capital in transition economies.

Suggested Citation

  • Orazem, Peter & Vodopivec, Milan, 1997. "Value of Human Capital in Transition Market: Evidence from Slovenia September 1996," Staff General Research Papers Archive 5126, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genres:5126
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    Cited by:

    1. Joanna Tyrowicz & Lucas van der Velde, 2017. "When the opportunity knocks: large structural shocks and gender wage gaps," GRAPE Working Papers 2, GRAPE Group for Research in Applied Economics.
    2. Brosig, Stephan & Glauben, Thomas & Herzfeld, Thomas & Wang, Xiaobing, 2009. "Persistence of full- and part-time farming in Southern China," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 20(2), pages 360-371.
    3. Karolina Goraus & Joanna Tyrowicz & Lucas van der Velde, 2017. "How (Not) to make women work?," GRAPE Working Papers 1, GRAPE Group for Research in Applied Economics.
    4. Kevin Denny & Orla Doyle, 2010. "Returns to basic skills in central and eastern Europe," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 18(1), pages 183-208, January.
    5. Searing, Elizabeth A.M. & Rios-Avila, Fernando & Lecy, Jesse D., 2013. "The impact of psychological trauma on wages in post-conflict Bosnia and Herzegovina," Social Science & Medicine, Elsevier, vol. 96(C), pages 165-173.
    6. Vera A. Adamchik & Arjun S. Bedi, 2003. "Gender pay differentials during the transition in Poland," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 11(4), pages 697-726, December.
    7. Dirk Bezemer & Uwe Dulleck & Paul Frijters, 2003. "Contacts, Social Capital and Market Institutions - A Theory of Development," Vienna Economics Papers vie0311, University of Vienna, Department of Economics.
    8. Jaromír Gottvald, 2003. "Determinanty mezd zaměstnanců v podnicích v České republice a Slovenské republice [Determinants of individual wages in the Czech republic and Slovak republic firms]," Politická ekonomie, Prague University of Economics and Business, vol. 2003(4), pages 541-563.
    9. Noor Jehan, 2024. "What Matters for Second Job Pay in Higher Education in Northern Pakistan?," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 67(3), pages 783-800, September.
    10. Joanna Tyrowicz & Lucas Augusto van der Velde, 2021. "When Opportunity Knocks: Confronting Theory and Empirics About Dynamics of Gender Wage Inequality," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 155(3), pages 837-864, June.

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