@TechReport{iza:izadps:dp1393,
            	author={Münich, Daniel and Svejnar, Jan and Terrell, Katherine},
            	title={Do Markets Favor Women's Human Capital More than Planners?},
            	year={2004},
	month={Nov},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={1393},
            	url={https://www.iza.org/index.php/publications/dp1393},
	abstract={Using micro data on women in the Czech Republic, we compare returns to various measures
of human capital at the end of communism (1989), in mid-transition (1996) and in late/posttransition
(2002). We show: dramatic increases in returns to education from 1989 to 1996 but
no change from 1996 to 2002; no differences in returns to education by state vs. privatelyowned
firms; "sheepskin" effects in both regimes, which rise over time and are similar across
firm ownership; no difference in returns to education obtained during communism vs.
transition; no change in wage-experience profiles over time; and similar increases in returns
to education for women and men. In sum, markets pay women and men equally more for
their human capital than the planners did; all the adjustment occurred in early transition and
was driven by market forces rather than private ownership.},
	keywords={transition;human capital;wages;sheepskin effects;Czech Republic},
            }