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dc.contributor.authorBrauer, Holgeren
dc.contributor.authorFalk, Martinen
dc.contributor.authorRaiser, Martinen
dc.date.accessioned2011-06-30T14:56:57Z-
dc.date.available2011-06-30T14:56:57Z-
dc.date.issued1996-
dc.identifier.citation|nInstitut für Weltwirtschaft (IfW) |lKiel |y1996en
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
dc.language.isoengen
dc.publisher|aKiel Institute of World Economics (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x742en
dc.subject.jelJ20en
dc.subject.jelP52en
dc.subject.ddc330en
dc.subject.keywordHysteresisen
dc.subject.keywordAdjustment Intensityen
dc.subject.keywordInsider Poweren
dc.subject.stwArbeitsmarkten
dc.subject.stwWirtschaftliche Anpassungen
dc.subject.stwHysteresisen
dc.subject.stwInsider-Outsider-Modellen
dc.subject.stwInstitutioneller Wandelen
dc.subject.stwSchätzungen
dc.subject.stwPolenen
dc.subject.stwUngarnen
dc.titleLabour markets in Poland and Hungary five years from the start of transition: Evidence from monthly data-
dc.typeWorking Paperen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:742en
dc.identifier.printppn257707506en
dc.date.issuedonline2011en
dc.publisher.online|aZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft |cKiel, Hamburgen
econstor.documentversionDigitized Versionen
econstor.citation.publisherInstitut für Weltwirtschaft (IfW)en
econstor.citation.publisherplaceKielen
econstor.citation.year1996en

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