Discussion Paper Details

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

Author(s): Nauro F. Campos and Dean Jolliffe

Publication Date: February 2004

Keyword(s): human capital, hungary and transition economics

Programme Area(s): Institutions and Economic Performance, Labour Economics and Transition Economics

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.

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Bibliographic Reference

Campos, N and Jolliffe, D. 2004. 'After, Before and During: Returns to Education in Hungary (1986-1998)'. London, Centre for Economic Policy Research.