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The economic returns to education in transition countries have been extensively evaluated in the literature. The … present study contributes to this literature by estimating the returns to education in Georgia during the last transition … period 2000–04. We find very low returns to education in Georgia and little evidence of an increasing trend in the returns …
Persistent link: https://www.econbiz.de/10003996802
conditional and unconditional quantile treatment effects for education and for migrant status. Particular attention is paid to … education are significant, especially when we account for endogeneity; (2) long-term migrants seem disadvantaged, mainly due to … account for endogeneity in education. …
Persistent link: https://www.econbiz.de/10010730431
Transition economies have an initial condition of high human capital relative to GDP per capita. But they will not necessarily realize their latent high growth potential. In the model, at a good equilibrium a large number of children of well-educated parents take advantage of their family...
Persistent link: https://www.econbiz.de/10005677863
ability. We show that compulsory schooling can move a society from elite education to mass education, which then triggers …We propose an innovation-driven growth model in which education is determined by family background and cognitive …, compulsory education is implemented first and triggers the onset of market R&D. According to the British way, market R&D is …
Persistent link: https://www.econbiz.de/10011392484
For most of human history there existed a well-educated and innovative elite whereas mass education, market R&D, and … cognitive ability. Compulsory schooling can move society from elite education to mass education. An interaction between … model for the very long run in which the individual-specific return to education is conceptualized as an compound of …
Persistent link: https://www.econbiz.de/10010346232
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model of 'meritocracy' (allocation to available class positions by qualifications alone taking account of the empirical … necessary and sufficient conditions in our modelled meritocracy for reaching the PMT class. By comparison of these conditions …
Persistent link: https://www.econbiz.de/10005588817
notion of fair meritocracy. Singapore's race policy attempts to level the playing field through its unique race-based self … a fair multiracial meritocracy is assessed. …
Persistent link: https://www.econbiz.de/10009200504