Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/108407
Authors: 
Korosi, Gabor
Year of Publication: 
2002
Series/Report no.: 
Budapest Working Papers on the Labour Market BWP - 2002/4
Abstract: 
Transition from socialist to market economy brought drastic changes to the Hungarian labour market. Employment fell by 1.6 million, i.e., by more than 25% during the early transition period, while unemployment jumped from practically nil to over 14% within four years. The rapid economic growth of the recent years could only create relatively few jobs, even though the unemployment rate continuously declined, and is less than 6% since 2001. This paper describes labour adjustment after the transitional recession, and its relationship to corporate efficiency during the recovery period, based on a panel of medium-sized and large Hungarian firms. Labour demand is also related to firm level productive efficiency.
Subjects: 
labour demand
productive efficiency
firm in transition economy
JEL: 
J23
D21
C23
Document Type: 
Working Paper

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