Transition from plan to market, height and well-being / Alícia Adserà (Princeton University and IZA), Francesca Dalla Pozza (EBRD), Sergei Guriev (Sciences Po and CEPR), Lukas Kleine-Rueschkamp (OECD and Oxford University), Elena Nikolova (University College London and Leibniz Institute for East and Southeast European Studies) ; IZA Institute of Labor Economics
VerfasserAdserà, Alícia ; Dalla Pozza, Francesca ; Guriev, Sergej ; Kleine-Rüschkamp, Lukas Johannes ; Nikolova, Elena
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, September 2019
Elektronische Ressource
Umfang1 Online-Ressource (57 Seiten) : Diagramme, Karten
SerieDiscussion paper ; no. 12658
 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
Transition from plan to market, height and well-being [1.42 mb]
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Using newly available data, we re-evaluate the impact of transition from plan to market in former communist countries on objective and subjective well-being. We find clear evidence of the high social cost of early transition reforms: cohorts born around the start of transition are shorter than their older or younger peers. The difference in height suggests that the first years of reform in former communist countries were accompanied by major deprivation. We provide suggestive evidence on the importance of three mechanisms which partially explain these results: the decline of GDP per capita, the deterioration of healthcare systems, and food scarcity. On the bright side, we find that cohorts that experienced transition in their infancy are now better educated and more satisfied with their lives than their counterparts. Taken together, our results imply that the transition process has been a traumatic experience, but that its negative impact has largely been overcome.