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Labour markets

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dc.abstract.enThe collapse of the Soviet Bloc and political liberation of countries in Central and Eastern Europe triggered a series of economic reforms, which together are often described as a transition from a centrally planned system to a market economy. This transition process had a fairly similar starting point in terms of institutional design: absolute prices were centrally fixed, which caused relative prices and incentives to be distorted. The optimal speed of transition (OST) framework has received considerable attention from the academic community and has frequently been used as an explanation for the rapid growth of unemployment in many transition countries: privatization that was deemed ‘too fast’ or ‘too slow’ was believed to explain the immediate hikes in unemployment in Bulgaria, Poland and Slovakia. In the centrally planned economy, overemployment was prevalent. The consensus estimate of labour redundancy ranged between 20% and 30% of total employment in Central and Eastern European countries.
dc.affiliationUniwersytet Warszawski
dc.contributor.authorTyrowicz, Joanna
dc.contributor.authorSzewczyk, Peter
dc.date.accessioned2024-01-28T21:17:10Z
dc.date.available2024-01-28T21:17:10Z
dc.date.issued2019
dc.description.financeNie dotyczy
dc.identifier.urihttps://repozytorium.uw.edu.pl//handle/item/155075
dc.identifier.weblinkhttps://www.taylorfrancis.com/books/e/9780429450969/chapters/10.4324/9780429450969-7
dc.languageeng
dc.pbn.affiliationmanagement and quality studies
dc.publisher.ministerialRoutledge
dc.relation.bookSocial and economic development in Central and Eastern Europe: Stability and change after 1990
dc.relation.pages133-150
dc.rightsClosedAccess
dc.sciencecloudnosend
dc.titleLabour markets
dc.typeMonographChapter
dspace.entity.typePublication