2023-09-28 14:46:10 +00:00
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abstract: 'In this paper, we examine changes in wage structure and wage premia
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during Vietnam''s transition from command to market economy. Relative to
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other work in this literature, our paper is unique in that we identify
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the policies that lead to such changes. By examining skill premium
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trends along the two dimensions of particular importance to the
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transition state or non-state firms, and traded or non-traded industries
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we are able to separate the contribution of external liberalization to
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wage growth and rising skill premia from that of domestic labor market
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reforms, and to examine potential interactions between the two types of
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reform. The results point to the high cost of incomplete reform in
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Vietnam. Capital market segmentation creates a two-track market for
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skills, in which state sector workers earn high salaries while non-state
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workers face lower demand and lower compensation. Growth is reduced
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directly by diminished allocative efficiency and reduced incentives to
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acquire education, and indirectly by higher wage inequality and rents
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for workers with access to state jobs. (C) 2013 Association for
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Comparative Economic Studies Published by Elsevier Inc. All rights
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reserved.'
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affiliation: 'Phan, D (Corresponding Author), Beloit Coll, Dept Econ, Beloit, WI 53511
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USA.
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Diep Phan, Beloit Coll, Dept Econ, Beloit, WI 53511 USA.
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Coxhead, Ian, Univ Wisconsin, Dept Agr \& Appl Econ, Madison, WI 53706 USA.'
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author: Phan, Diep and Coxhead, Ian
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author-email: phand@beloit.edu
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author_list:
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- family: Phan
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given: Diep
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- family: Coxhead
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given: Ian
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da: '2023-09-28'
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doi: 10.1016/j.jce.2013.04.001
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eissn: 1095-7227
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files: []
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issn: 0147-5967
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journal: JOURNAL OF COMPARATIVE ECONOMICS
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keywords: 'Wage inequality; Returns to education; State sector policy; Vietnam;
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Transition economy'
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keywords-plus: 'CAPITAL-SKILL COMPLEMENTARITY; DEVELOPING-COUNTRIES; TRANSITION; TRADE;
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ECONOMY'
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language: English
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month: NOV
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number: '4'
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number-of-cited-references: '37'
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orcid-numbers: Coxhead, Ian/0000-0001-6958-038X
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pages: 1106-1122
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papis_id: 04e5670fe0eb6c553c904ec9b1847803
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ref: Phan2013longruncosts
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times-cited: '20'
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title: 'Long-run costs of piecemeal reform: Wage inequality and returns to education
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in Vietnam'
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2023-10-01 08:15:07 +00:00
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type: article
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2023-09-28 14:46:10 +00:00
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unique-id: WOS:000327571000009
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usage-count-last-180-days: '0'
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usage-count-since-2013: '18'
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volume: '41'
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web-of-science-categories: Economics
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year: '2013'
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