What is the level of accumulated human capital in an economy in transition? Does education determine labour income in transition economies? In this study we try to answer these questions using data on 148,942 employees in 13 economic activities in Bulgaria. In the first place, we refer to the...

In this study we present the theoretical framework of the so called Mincerian equations used for modelling returns to education. Then, we construct a conceptual framework which allows us to answer the question “What happens to doctoral degree holders in the labour market?”. We analyse data...