Hidden Bibliographic Details
| Other authors / contributors: | Brixiová, Zuzana.
International Monetary Fund. European II Department.
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| ISBN: | 1283565684
9781283565684
1451901003
9781451901009
146232164X
9781462321643
1452723982
9781452723983
9786613878137
6613878138
9781451930566
1451930569
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| Notes: | Includes bibliographical references (pages 45-46).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
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
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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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.
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| Other form: | Print version: Garibaldi, Pietro, 1968- Labor market institutions and unemployment dynamics in transition economies. [Washington, D.C.] : International Monetary Fund, European II Dept., ©1997
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| Standard no.: | 10.5089/9781451901009.001
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