Returns to educational investments in a transitional economy: An investigation of Kazakhstan's labor...

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" Returns to educational investments in a transitional economy: An investigation of Kazakhstan's labor market in 2005 "
Craig E. Maddron S. Tvorik

Document Type	:	Latin Dissertation
Language of Document	:	English
Record Number	:	52537
Doc. No	:	TL22491
Call number	:	‭3206679‬
Main Entry	:	Craig E. Maddron
Title & Author	:	Returns to educational investments in a transitional economy: An investigation of Kazakhstan's labor market in 2005\ Craig E. Maddron
College	:	Capella University
Date	:	2006
Degree	:	Ph.D.
student score	:	2006
Page No	:	192
Abstract	:	The literature in development economics and labor economics includes many studies of the importance of and rewards to training and education of workers, for both employers and employees. This dissertation develops a graph showing the occupational educational requirement levels from advertisements from both public and private occupations and presents salaries associated with these educational levels. The study constructs a product curve points thereby creating a new and original research data set, and then test its slope to see if that curve corresponded to Lucas's assumption of nondecreasing returns to scale. The resulting work could be an addition to scholarly writings since there appear to have been no tests of Lucas' assumption via this method. The study thus provides empirical results concerning the returns to education that are relevant to one of the major economic events of the late 20 th century, the 1992 dissolution of the command-driven Soviet economy and subsequent restructuring of the economies of the former Soviet republics, as well as contributing to the wider literature on transitional economies. Issues surrounding education and training are especially pertinent in developing economies because the basic economic models taught to and applied by managers change dramatically during the development process. The dissertation should prove helpful and contributes to discussions of the appropriate development model for Kazakhstan and of education policies in Kazakhstan.
Subject	:	Social sciences; Education; Kazakhstan; Labor market; Returns to educational investments; Transitional economy; Business education; Labor economics; Adult education; Continuing education; Models; Education policy; Studies; Developing countries--LDCs; 0688:Business education; 0516:Adult education; 0516:Continuing education; 0510:Labor economics
Added Entry	:	S. Tvorik
Added Entry	:	Capella University