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Labor Market Institutions and Unemployment Dynamics in Transition Economies

1997-10-01 Business & Economics
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Release : 1997-10-01
Genre : Business & Economics
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Book Rating : 569/5 ( reviews)

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Book Synopsis Labor Market Institutions and Unemployment Dynamics in Transition Economies by : Ms.Zuzana Brixiova

Download or read book Labor Market Institutions and Unemployment Dynamics in Transition Economies written by Ms.Zuzana Brixiova. This book was released on 1997-10-01. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Labor Market Institutions and Unemployment Dynamics in Transition Economics

1997
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Release : 1997
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Book Synopsis Labor Market Institutions and Unemployment Dynamics in Transition Economics by : Pietro Garibaldi

Download or read book Labor Market Institutions and Unemployment Dynamics in Transition Economics written by Pietro Garibaldi. This book was released on 1997. Available in PDF, EPUB and Kindle. Book excerpt:

Labor Market Performance in Transition

2006-07-10 Business & Economics
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Release : 2006-07-10
Genre : Business & Economics
Kind : eBook
Book Rating : 992/5 ( reviews)

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Book Synopsis Labor Market Performance in Transition by : Mr. Philippe Egoumé-Bossogo

Download or read book Labor Market Performance in Transition written by Mr. Philippe Egoumé-Bossogo. This book was released on 2006-07-10. Available in PDF, EPUB and Kindle. Book excerpt: More than a decade after the start of the transition process, unemployment rates remain in the double digits in a number of Central and Eastern European countries. That unemployment rates have failed to decline, even in countries experiencing good growth, is puzzling. In this paper the authors examine three interrelated questions: How has the transition from central planning to market economies affected labor market performance? How have labor market institutions and policies influenced developments? Why have regional differences in unemployment persisted? The authors take an eclectic methodological approach: construction of a new data set and a simple analytical model; econometric estimation; and case studies. They find that faster-performing countries have better unemployment records; that labor market policies have some, but not dominant, influence over labor market outcomes; that policies not typically viewed as labor market policies can nevertheless significantly affect labor markets; and that market processes cannot be relied on to eliminate regional differences in unemployment.

Unemployment in Transition

2013-09-13 Business & Economics
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Release : 2013-09-13
Genre : Business & Economics
Kind : eBook
Book Rating : 262/5 ( reviews)

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Book Synopsis Unemployment in Transition by : Janice Bell

Download or read book Unemployment in Transition written by Janice Bell. This book was released on 2013-09-13. Available in PDF, EPUB and Kindle. Book excerpt: The emergence of open unemployment is an unavoidable consequence of postcommunist transition. Some countries-notably in the former Soviet Union-initially slowed economic contraction. But in the longer run slower reformers have generally sustained deeper and more prolonged recessions than faster reforming central European countries. Moreover, the initially low unemployment rates in the former Soviet Union are now rising, and may stabilise at higher post-transition equilibrium rates than in Central Europe.

Designing Labor Market Institutions in Emerging and Developing Economies

2019-05-21 Business & Economics
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Release : 2019-05-21
Genre : Business & Economics
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Book Rating : 208/5 ( reviews)

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Book Synopsis Designing Labor Market Institutions in Emerging and Developing Economies by : Mr.Romain A Duval

Download or read book Designing Labor Market Institutions in Emerging and Developing Economies written by Mr.Romain A Duval. This book was released on 2019-05-21. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses theoretical aspects and evidences related to designing labor market institutions in emerging market and developing economies. This note reviews the state of theory and evidence on the design of labor market institutions in a developing economy context and then reviews its consistency with actual labor market advice in a selected set of emerging and developing economies. The focus is mainly on three broad sets of institutions that matter for both workers’ protection and labor market efficiency: employment protection, unemployment insurance and social assistance, minimum wages and collective bargaining. Text mining techniques are used to identify IMF recommendations in these areas in Article IV Reports for 30 emerging and frontier economies over 2005–2016. This note has provided a critical review of the literature on the design of labor market institutions in emerging and developing market economies, and benchmarked the advice featured in IMF recommendations for 30 emerging market and frontier economies against the tentative conclusions from the literature.

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