Economic Restructuring, Unemployment, and Growth in a Transition Economy
Economic Restructuring, Unemployment, and Growth in a Transition Economy

Author: Mr.Bankim Chadha

Publisher: International Monetary Fund

Published: 1993-03-01

Total Pages: 49

ISBN-13: 1451843321

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This paper develops a model of the process of reallocation of labor from the state sector to the private sector. When growth is exogenously determined, we show that in the initial stages of transition unemployment will rise over time. After a critical stage in the transition process, restructuring is accompanied by a decline in unemployment. When growth is endogenously determined, and human capital is acquired by learning-by-doing, we show that whether restructuring eventually occurs is determined by the level of human capital in the private sector and the rate of unemployment. The effects of various shocks and government policies in affecting the costs, speed, and eventual outcome of restructuring are analyzed.

Enterprise Restructuring and Unemployment in Models of Transition
Enterprise Restructuring and Unemployment in Models of Transition

Author: Simon Commander

Publisher: World Bank Publications

Published: 1998-01-01

Total Pages: 244

ISBN-13: 9780821341681

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This volume is primarily concerned with the first key component of transition: restructuring—the changing behavior of firms and their complex interaction with the labor market, most particularly with unemployment. Chapter 1 gives an overview of firm behavior, restructuring, and the labor market in the transition. Chapter 2 focuses on the effect of output, ownership, and legal form on employment and wages in Central European firms. Chapter 3 explores employment and wage setting in three stages of Hungary's labor market transition. Chapter 4 considers enterprises in the Polish transition. Chapter 5 explains labor market flows in the midst of structural change. Chapter 6 explores the role of unemployment and restructuring in the transition, and chapter 7 presents a numerical model of transition. Emphasis is placed on the Czech and Slovak Republics, Bulgaria, Hungary, Poland, and Russia.

Unemployment in Transition
Unemployment in Transition

Author: Janice Bell

Publisher: Routledge

Published: 2013-09-13

Total Pages: 238

ISBN-13: 1134436262

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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.

From School to Work
From School to Work

Author: United States. National Commission for Manpower Policy

Publisher:

Published: 1976

Total Pages: 326

ISBN-13:

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"A collection of policy papers."--T.p.

Leaving Unemployment for Self-Employment
Leaving Unemployment for Self-Employment

Author: Frank Reize

Publisher: Springer Science & Business Media

Published: 2004-03

Total Pages: 636

ISBN-13: 9783790801682

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The book presents an analysis of the transition from unemployment to self-employment and its subsidisation with the so-called "bridging allowance" in Germany. On the basis of econometric models, the determinants and the success of self-employment among former unemployed are estimated at the individual as well as at the firm level. By comparing different groups of the formerly unemployed, it becomes evident that self-employment is one successful route out of unemployment, as self-employment proves to be more stable than paid-employment. Therefore, the bridging allowance reaches its aim of regaining stable employment for the unemployed. However, this programme fails to create additional employment in the newly founded firms.

Labor Market Institutions and Unemployment Dynamics in Transition Economies
Labor Market Institutions and Unemployment Dynamics in Transition Economies

Author: Ms.Zuzana Brixiova

Publisher: International Monetary Fund

Published: 1997-10-01

Total Pages: 47

ISBN-13: 1451930569

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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.