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Title: Earnings, Schooling and Economic Reform: New Econometric Evidence

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

Publication Date: October 2004

Keyword(s): economic reform, human capital and transition economics

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

Abstract: How does the relationship between earnings and schooling change with the introduction of comprehensive economic reform? This Paper uses a unique dataset (covering about 3 million Hungarian wage earners, from 1986 to 1998) and a novel procedure to correct sample selection bias (based on DiNardo, Fortin and Lemieux?s) to shed light on this question. We find that reform was successful in general, increasing returns to skill by 70.5%, but that there were winners and losers. The winners seem to be the college and university educated, those employed by the smaller firms and those in commerce and services. The losers are those in manufacturing and agriculture and, surprisingly, those who received their formal education after the initiation of reform.

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Bibliographic Reference

Campos, N and Jolliffe, D. 2004. 'Earnings, Schooling and Economic Reform: New Econometric Evidence'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=4716