Under communism, workers had their wages set according to a centrally-determined wage grid. In this paper we use new micro data on men to estimate returns to human capital under the communist wage grid and during the transition to a market economy. We use data from the Czech Republic because it...

Under communism, workers had their wages set according to a centrally-determined wage grid. In this paper are used new micro data on men to estimate returns to human capital under the communist wage grid and during the transition to a market economy. There are used data from the Czech Republic...