The financial collapse of 2007, the accompanying refugee crisis, the health crisis, and the coronavirus pandemic have all played their part in the current gloomy political climate. The left lacks a clear message or strategy to improve the lives of ordinary people. The emphasis on austerity and...

The TVP labour market has undergone a great change during the economic reform period. Starting from a fully controlled recruitment system, more employees obtained employment through a more market oriented mechanism. This study applies human capital theory to investigate the impact of this...

This paper attempts to tackle the puzzle of why more Canadians choose community colleges over universities than their American counterparts, when previous research has suggested that the return to community college education is low in Canada. Using data from the Survey of Labour and Income...

This paper estimates the returns to education in Guatemala, while attempting to account for self-employment and the presence of workers without monetary earnings in the economy, factors whose omission can potentially lead to sample selection bias. The analysis uses data from the Survey of Living...

Women are underrepresented in both STEM college majors and STEM jobs. Even with a STEM college degree, women are significantly less likely to work in a STEM occupation than their male counterparts. This paper investigates whether men and women possess different ability distributions and examines...

This paper sheds light on the microfoundations of reduced-form returns to education. Specifically, we ask: are more advanced higher education degrees associated with increased earnings within employers or higher average pay across employers? And to the extent that sorting across firms matters,...

We explore the pace of increase in returns to schooling during the transition from planning to market over time across a number of Central and Eastern European countries, Russia, and China. We use metadata from 33 studies of 10 transition economies covering a period from 1975 through 2002. Our...

n Russia and Ukraine (1985-2002). There has been an increase in returns to schooling in both countries but the increase is much bigger in Russia than in Ukraine. The intriguing question is why returns to schooling in Russia and Ukraine diverged so much over the transition period while the skill...

This study investigates the effect of public debt on growth, interest rate, and sustaibility of public debt in a very simple endogenous growth model with financial imperfection and the firm heterogeneity. Increases in public debts cause higher real interest rates through financial markets and...

This paper is an attempt towards exploring the practice of an important yet neglected domain of public finance - Budget Implementation Evaluation (BIE).BIE means evaluating the extent to which Budget Announcements (BAs) are implemented. Its macro level evaluation regardingimplementation of BAs....