The Impact of the Transition and EU Membership on the Returns to Schooling in Europe

The Impact of the Transition and EU Membership on the Returns to Schooling in Europe | (News and Research 343)

Transition raises the returns to schooling

Countries across Eastern Europe and Central Asia are in their third decade of independence. What impact does this have on the skills premium and does accession to the European Union have an impact on the returns to education? The returns to education in 28 transition and 20 non-transition countries in Europe and Central Asia are analyzed using panel data analysis and difference-in-difference methods to estimate the impact of transition and EU accession. It is found that the transition from a centrally planned economy to a market economy increases the returns to schooling in post-socialist countries positively and significantly, especially through the EU accession channel.

 After 1992 the returns to schooling tend to converge

It is the accession period that seems to lead to significant changes that propel the productivity of schooling

The Impact of the Transition and EU Membership on the Returns to Schooling in Europe | HA Patrinos, A Rivera-Olvera – 2023 | Countries across Eastern Europe and Central Asia are in their third decade of independence. What impact does this have on the skills premium and does accession to the European Union have an impact on the returns to education…    

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ECA Talk Returns to Education Turns 50 on March 29, 2023, Event Replay. Watch the discussion from earlier this week reassessing progress made on measuring the benefits of education 50 years after the publication of George Psacharopoulos’ pivotal study Returns to Education. Timestamps for remarks and panel discussions during the event replay are marked under the Agenda tab.

Submit a Manuscript to the Journal Education Economics for a Special Issue on the 50th Anniversary of the Returns to Education: An International Comparison | Manuscript deadline: 31 October 2023 | Special Issue Editor: Harry Patrinos, World Bank | Submit An Article | This year is the 50th anniversary of the publication of the book, Returns to Education: An International Comparison, by George Psacharopoulos (assisted by Keith Hinchliffe). Education Economics is publishing a special issue to mark this occasion and the contributions of Professor Psacharopoulos. The focus of this special issue is research on the returns to education. Research on international comparisons and /or  returns to education in less developed economies are especially welcome.