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Unemployment in Transition - Restructuring and Labour Markets in Central Europe (Hardcover)
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Unemployment in Transition - Restructuring and Labour Markets in Central Europe (Hardcover)
Series: Economies in Transition to the Market
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Total price: R1,293
Discovery Miles: 12 930
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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 stabilize at higher
post-transition equilibrium rates than in Central Europe. Across
the region, real wages reacted in unexpected ways, with significant
effects for employment. Productivity gains in Central European
industry tended not to be passed along into proportional real wage
increases, slowing inflows into unemployment. In addition, and
contrary to some earlier assessments, the restructuring process
affected not only wage structures, but also the level of
unemployment over time. An important constraint on post-socialist
countries' response to unemployment is the role served by EU social
insurance and labour law standards as guides to countries' progress
toward "normal" economic systems. When considering the possible
impact of EU integration and ha
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