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Die Analyse der wirtschaftlichen Entwicklung und des ordnungspolitischen Reformprozesses in Estland ergibt ein … überwiegend positives Bild. Es läßt den Schluß zu, daß Estland auf dem Weg zur Marktwirtschaft schon mehrere wichtige Schritte … die außenwirtschaftliche Öffnung Estlands ist weitgehend vollendet. So verzichtet Estland fast vollständig auf eine …
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We argue that the existence of large amounts of specific human capital makes costly and slows down the adjustment in the labor market after large reallocation shocks. To illustrate this point we build a theoretical framework in which young agents’ career is heavily determined by initial...
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This paper studies the incidence and consequences of the mismatch between formal education and the educational requirements of jobs in Estonia during the years 1997-2003. We find large wage penalties associated with the phenomenon of educational mismatch. Moreover, the incidence and wage penalty...
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