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Returns to Education in the Economic Transition: 1986-2002

Sponsors: Thematic Group on Poverty Impact Analysis, Monitoring and Evaluation. 

Tuesday, November 8
12:30 - 2:00 pm
Room MC9-401

Presenters: Luca Flabbi (Georgetown University), Stefano Paternostro, and Erwin Tiongson
The seminar will present a study on a sample of economies in transition to verify the prediction that returns to schooling should increase following labor market liberalization. Assessing this claim has been difficult because the empirical evidence so far has covered few countries over short time periods. The study proposes a more systematic assessment using data comparable across countries and over time to estimate returns to schooling in eight transition economies from the pre- or early-transition period up to 2002. Compared to the existing literature, the authors also implement more comprehensive robustness checks on the estimated returns, and propose a partial solution to the endogeneity of the schooling variable. The study finds that the evidence of an increasing trend in returns to schooling is weak but there are significant differences in returns across countries that have remained roughly constant over the last fifteen years.

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