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dc.contributor.authorBrauer, Holgeren_US
dc.contributor.authorFalk, Martinen_US
dc.contributor.authorRaiser, Martinen_US
dc.date.accessioned2011-06-30T14:56:57Z-
dc.date.available2011-06-30T14:56:57Z-
dc.date.issued1996en_US
dc.identifier.urihttp://hdl.handle.net/10419/46748-
dc.description.abstractThis paper presents error correction estimates of a simple interdependent model of the labour market using monthly data over 1990-1994 for the industrial sector in Poland and Hungary. The aim is to investigate three issues in the performance of labour markets during transition. First, is there a stable labour market equilibrium or do high unemployment rates across the region indicate hysteresis? Second, has the intensity of employment adjustment increased with progress in institutional reforms that strengthened corporate governance at the enterprise level? Third, what governs the evolution of real wages and to what extent is there evidence for strong insider power in the labour market? The results reveal striking differences between Poland and Hungary. The former exhibits hysteresis and evidence for considerable insider power while the latter has experienced adjustment towards a stable labour market equilibrium. The intensity of adjustment, however, is high in both countries over the sample period and fails to respond to the initiation of institutional reforms.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKiel Working Papers 742en_US
dc.subject.jelJ20en_US
dc.subject.jelP52en_US
dc.subject.ddc330en_US
dc.subject.keywordHysteresisen_US
dc.subject.keywordAdjustment Intensityen_US
dc.subject.keywordInsider Poweren_US
dc.subject.stwArbeitsmarkten_US
dc.subject.stwWirtschaftliche Anpassungen_US
dc.subject.stwHysteresisen_US
dc.subject.stwInsider-Outsider-Modellen_US
dc.subject.stwInstitutioneller Wandelen_US
dc.subject.stwSchätzungen_US
dc.subject.stwPolenen_US
dc.subject.stwUngarnen_US
dc.titleLabour markets in Poland and Hungary five years from the start of transition: Evidence from monthly dataen_US
dc.typeWorking Paperen_US
dc.identifier.ppn257707506en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
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