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Returns for Education in Kosovo: Estimates of Wage and Employment Premia

100%

Hoti A.

nr 1

71-84

This paper provides an analysis of the returns for education in Kosovo using data from a Household and Labour Force Survey. We argue that given the high unemployment rate in Kosovo, employed individuals may not be randomly selected from the labour force. Therefore, the estimates of the rates of returns for education based on the standard Mincerian earnings function may be biased downwards. Hence, the Heckman sample selection model is implemented, which adjusts the estimates of the wage equation for the self-selection of individuals into employment. We estimate the rate of returns for level of education and for years of education. We find relatively low rates of returns for education in terms of wage premia and argue that in countries with chronic labour market disequilibria (such as in Kosovo), the returns for education may be in terms of employment premia. To our knowledge, this is the first systematic study of these issues in this post-socialist and post-conflict economy.

Entrepreneurial activity drivers in the transition economies. Evidence from the Visegrad countries

100%

Zygmunt J.

nr 1

89-103

Research background: Entrepreneurship issues in the transition economies have attracted growing attention from scholars in recent years. However, the debate over the value of entrepreneurship in reinforcing structural change is still incomplete. The need for a more thorough approach is noticeable, taking into account drivers which determine entrepreneurial activity in the transition economies. The findings may be useful for recognising opportunities and threats of the development of these economies. Purpose of the article: This paper extends research on entrepreneurship in the transition economies by considering drivers of entrepreneurial activity. The aim of the paper is to investigate what drivers have their consequences for entrepreneurial activity in the Visegrad countries. As the Visegrad countries represent a unique context, because they faced a similar structure at the beginning of the transition process, a valuable insight can be gained by focusing on them. Methods: Hypothesis development is based on the literature review. Fixed effects panel regression was employed for hypothesis testing. Panel data consists of 440 observations for the Visegrad countries for the 2004-2014 period. To control for autocorrelation and heteroscedasticity, Durbin-Watson test and Wald statistic were used, respectively. Findings & Value added: This paper contributes to the existing literature by presenting an analysis of drivers having their impact on entrepreneurial activity in the Visegrad countries. It provides new insights on understanding of the entrepreneur-ship issues in the transition economies. The main finding is that entrepreneurial activity in the Visegrad countries is determined significantly by the economy structure and human capital. However, the significance and the intensity of these effects are different. The findings may be interesting for policymakers in particular. Shifting from general entrepreneurship support towards a focus on promoting entrepreneurial behaviour among high-skilled workers should be considered. Fostering networking, collaboration and internalisation should be regarded for knowledge transfer and spillover enhancement.

The Purchasing Power Parity Puzzle and Imperfect Knowledge: The Case of the Polish Zloty

75%

Kelm R.

nr 1

Motives for Combining Motherhood with Employment: Evidence for Medium and Highly Educated Polish Women Around the EU Accession

75%

Matysiak A. , Mynarska M.

nr 55

This article provides insights into employment decisions of mothers and mothers-to-be in a post-socialist Poland around the entry to the EU. Previous studies for this country continuously pointed to a strong determination among mothers to be employed during the economic transformation, despite increasing obstacles to combining paid work with childrearing over the 1990s. We analyse in-depth interviews to explore women's motives to work for pay. We investigate how these motives are related to women's childbearing experiences and intentions. Our analyses show that motherhood was central in women's lives at this point in Polish history, but females sought to combine it with employment. We also find that women's perceptions about their ability to balance work and motherhood were strongly related to the meanings that they attached to paid work.