Human capital, growth, and inequality in Russia
Document Type
Journal article
Source Publication
Journal of Comparative Economics
Publication Date
12-1-1999
Volume
27
Issue
4
First Page
618
Last Page
643
Abstract
Our model captures the fact that Russia has both much human capital and an education system that produces the wrong skills for a market economy. We define a rule for the timing of educational restructuring that is Pareto optimal and that dominates all later times in a Paretian sense while simultaneously reducing inequality. We demonstrate that failure to implement restructuring early in the transition process is likely to produce a very long delay that will significantly reduce Russia's human capital. A retreat from subsidizing public education is Likely to be counterproductive, We argue that early educational restructuring should be emphasized in Russia's transition strategy.
DOI
10.1006/jcec.1999.1617
Print ISSN
01475967
E-ISSN
10957227
Publisher Statement
Copyright © 1999 by Academic Press
Access to external full text or publisher's version may require subscription.
Full-text Version
Publisher’s Version
Language
English
Recommended Citation
Fan, C. S., Overland, J., & Spagat, M. (1999). Human capital, growth, and inequality in Russia. Journal of Comparative Economics, 27(4), 618-643. doi: 10.1006/jcec.1999.1617