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Title: Do Markets Favour Women's Human Capital More Than Planners?

Author(s): Daniel M�nich, Jan Svejnar and Katherine Terrell

Publication Date: November 2004

Keyword(s): czech republic, human capital, sheepskin effects, transition and wages

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

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/post-transition (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.

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Bibliographic Reference

M�nich, D, Svejnar, J and Terrell, K. 2004. 'Do Markets Favour Women's Human Capital More Than Planners?'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=4760