CEU Electronic Theses and Dissertations, 2010
| Author | Rudenko, Andriy |
|---|---|
| Title | CHANGE IN EARNINGS INEQUALITY IN RUSSIA FROM 1985 TO 2004 |
| Summary | In my thesis I investigate the causes of change in earnings inequality in Russia from 1985 to 2004. The basic finding is that the inequality increase was driven mainly by factors other than individual education, experience and occupation characteristics. Besides providing evidence of increased income instability brought by transition, the result of predominant role of within group inequality has an important implication from the point of view of human capital. According to the human capital theory, individuals make investments in their skills, such as education, experience or occupation knowledge, in order to reap future benefits. The basic investment theory says that the value of the asset can be measured by both the average return and the variance of the return of this asset. The results of my thesis suggest that overall the transition increased the variance of workers’ investment in human capital while not changing much the return to it. Therefore, on average the transition depreciated the value of their investment. |
| Supervisor | Puerta, Juan |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2010/rudenko_andriy.pdf |
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