Human Capital Externalities Evidence from the Transition Economy of Russia

Released on by Alexander Muravyev
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  • Human Capital Externalities Evidence from the Transition Economy of Russia Book Detail

  • Author : Alexander Muravyev
  • Release Date : 2008
  • Publisher :
  • Genre :
  • Pages : 0
  • ISBN 13 :
  • File Size : 27,27 MB
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Human Capital Externalities Evidence from the Transition Economy of Russia by Alexander Muravyev PDF Summary

Book Description: The paper tests for the existence of human capital externalities using a micro-level approach: the Mincerian wage regression augmented with the average level of education in cities. To solve identification problems arising from the endogeneity of average education, the study exploits a natural experiment provided by the process of economic transition: average education at the end of communism can be seen as exogenous in respect of wages prevailing after the start of transition. Our empirical results based on the RLMS data show that a 1 percentage point increase in the share of city residents with a university degree results in an increase of wages of city residents by about 1 percent.

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Human Capital. Challenges for Russia

Human Capital. Challenges for Russia

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Education, healthcare and pension system are the key sources of modern economic growth. They stand in need of a profound transformation if they are to meet post