World Bank Policy Research Working Papers
Опубликовано на портале: 19-10-2004Tito Boeri, Katherine Terrell World Bank Policy Research Working Papers. 2001.
The transition process from planned economies to market-oriented economies involves a substantial reallocation of labor. In the planned economies employment was typically concentrated in heavy industry, away from consumers preferences. A strong small business sector was lacking, and private initiative had been tolerated almost exclusively in agriculture. Patterns of foreign trade were determined by economic planners within the framework of the Council for Mutual Economic Assistance. In the process of transition, employment had to flow out of such sectors as state-owned heavy industry into the new private, mostly small-scale, business sector. The success of transition in a given country can be assessed in part by how well it has addressed the problem of reallocating labor.
Опубликовано на портале: 08-12-2003George Psacharopoulos, Harry Anthony Patrinos World Bank Policy Research Working Papers. 2002. No. 2881.
Returns to investment in education based on human capital theory have been estimated since the late 1950s. In the 40-plus year history of estimates of returns to investment in education, there have been several reviews of the empirical results in attempts to establish patterns. Many more estimates from a wide variety of countries, including over time evidence, and estimates based on new econometric techniques, reaffirm the importance of human capital theory. This paper reviews and presents the latest estimates and patterns as found in the literature at the turn of the century. However, because the availability of rate of return estimates has grown exponentially, we include a new section on the need for selectivity in comparing returns to investment in education and establishing related patterns.