1 option
Labor Market Institutions and Unemployment Dynamics in Transition Economies / Pietro Garibaldi, Zuzana Brixiova.
- Format:
- Book
- Government document
- Author/Creator:
- Garibaldi, Pietro.
- Series:
- IMF Working Papers; Working Paper ; No. 1997/137
- IMF Working Papers
- Language:
- English
- Physical Description:
- 1 online resource (46 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 1997.
- Language Note:
- English
- Summary:
- 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.
- Notes:
- Bibliographic Level Mode of Issuance: Monograph
- Description based on print version record.
- ISBN:
- 9786613878137
- 9781462321643
- 146232164X
- 9781452723983
- 1452723982
- 9781283565684
- 1283565684
- 9781451901009
- 1451901003
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.