Description |
1 online resource (46 pages) : illustrations |
Series |
IMF working paper, 2227-8885 ; WP/97/137 |
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IMF working paper ; WP/97/137.
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Summary |
Annotation This paper studies interactions between labor market institutions and unemployment dynamics in transition economies. It presents a dynamic matching model in which state sector firms endogenously shed labor and private job creation takes time. Two main conclusions arises. First, higher unemployment benefits increase steady-state unemployment, and, during the transition, they reduce the fall in real wages and speed up closure of state enterprises. Second, higher minimum wages can theoretically speed up the elimination of state sector jobs without affecting steady-state unemployment. These results are broadly consistent with existing evidence on the dynamics of unemployment and real wages in transition economies |
Bibliography |
Includes bibliographical references (pages 45-46) |
Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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English |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
Subject |
Labor market -- Europe, Central -- Econometric models
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Labor market -- Europe, Eastern -- Econometric models
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Unemployment -- Europe, Central -- Econometric models
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Unemployment -- Europe, Eastern -- Econometric models
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Wages -- Europe, Central -- Econometric models
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Wages -- Europe, Eastern -- Econometric models
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Labor market -- Econometric models
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Unemployment -- Econometric models
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Wages -- Econometric models
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Central Europe
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Eastern Europe
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Form |
Electronic book
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Author |
Brixiová, Zuzana
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International Monetary Fund. European II Department.
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ISBN |
1283565684 |
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9781283565684 |
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1451901003 |
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9781451901009 |
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146232164X |
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9781462321643 |
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1452723982 |
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9781452723983 |
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9786613878137 |
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6613878138 |
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9781451930566 |
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1451930569 |
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