Labor Market Institutions And Unemployment Dynamics In Transition Economies
Download Labor Market Institutions And Unemployment Dynamics In Transition Economies full books in PDF, epub, and Kindle. Read online free Labor Market Institutions And Unemployment Dynamics In Transition Economies ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Labor Market Institutions and Unemployment Dynamics in Transition Economies
Author | : Ms.Zuzana Brixiova |
Publisher | : International Monetary Fund |
Total Pages | : 47 |
Release | : 1997-10-01 |
Genre | : Business & Economics |
ISBN | : 1451930569 |
Download Labor Market Institutions and Unemployment Dynamics in Transition Economies Book in PDF, Epub and Kindle
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 Economies Related Books
Pages: 47
Pages:
Pages: 238
Pages: 94
Pages: 58