Changing composition of human capital The Czech Republic, Hungary and Poland

Autor:	Viatcheslav Vinogradov, Michal Kejak, Byeongju Jeong
Rok vydání:	2008
Předmět:	Czech Economics and Econometrics Labour economics Business education jel:J31 Human capital Composition Occupation Education Mobility Transition jel:J62 language.human_language jel:E13 jel:P23 Vocational education language Economics Economic system Composition (language)
Zdroj:	The Economics of Transition. 16:247-271
ISSN:	1468-0351 0967-0750
DOI:	10.1111/j.1468-0351.2008.00320.x
Popis:	We show that business education/occupations have expanded and that technical education/occupations have contracted in the Czech Republic and Poland since 1990. We interpret these changes as an adjustment necessary for their transition to a market economy. We do not find the same pattern in Hungary, which we attribute to the earlier timing of its transition. We construct an aggregate model in which labour reallocates in response to changing demand structure. When calibrated with the Czech and Polish data, the model generates a large movement of workers with technical education and experience into business occupations in the early 1990s. The discounted sum of output loss due to the gap between the demand structure and the composition of existing human capital amounts to between 8 and 40 percent of 1990 GDP.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::c745c394c50cbcfe08cba669c9172440 https://doi.org/10.1111/j.1468-0351.2008.00320.x Zobrazit plný text záznamu Plný text ve formátu PDF