Title Labor market institutions and unemployment dynamics in transition economies / prepared by Pietro Garibaldi and Zuzana Brixiova

Published [Washington, D.C.] : International Monetary Fund, European II Dept., ©1997

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Description 1 online resource (46 pages) : illustrations Series IMF working paper, 2227-8885 ; WP/97/137 IMF working paper ; WP/97/137. 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 English digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Labor market -- Europe, Central -- Econometric models Labor market -- Europe, Eastern -- Econometric models Unemployment -- Europe, Central -- Econometric models Unemployment -- Europe, Eastern -- Econometric models Wages -- Europe, Central -- Econometric models Wages -- Europe, Eastern -- Econometric models Labor market -- Econometric models Unemployment -- Econometric models Wages -- Econometric models Central Europe Eastern Europe Form Electronic book Author Brixiová, Zuzana International Monetary Fund. European II Department. ISBN 1283565684 9781283565684 1451901003 9781451901009 146232164X 9781462321643 1452723982 9781452723983 9786613878137 6613878138 9781451930566 1451930569

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