Structural Change, Welfare Systems, and Labour Reallocation: Lessons from the Transition of Formerly Planned Economies
OUP Oxford, Oct 19, 2000 - Business & Economics - 240 pages
This books deals with labour reallocation in the midst of structural change, drawing on the experience of economic transition in formerly planned economies. It details those features of social welfare systems best suited to fostering structural change while at the same time reducing social costs. The interaction between labour and social policies is studies, showing the crucial role that non-employment benefits play in both the scope and the speed of transition. By including the influence of education systems, institution-building, and policy-enforcement mechanisms, this book goes beyond previous studies to provide a detailed analysis of the many contributing factors to the success or failure of the transition process.
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Building Blocks of the OST Models
The Timing of Reforms
A Simple Model of Transition
Safety Nets Earnings Inequalities and Reallocation
active adjustment ALMPs Annex bargaining Boeri Bulgaria cash transfers CEECs cent Central and Eastern Chapter coefficients constraints contributions Czech Republic decline distribution Eastern Europe educational attainment effects employers employment rates enterprises European Union firms fiscal flows formerly planned economies Gini coefficients governments hence Hungary inactivity income increase individuals inequality inflation informal sector job creation jobseekers labour force Labour Market labour supply less lower matching minimum wage non-employed non-employment benefits OECD OECD countries offered old sector OST literature output outset of transition participation decisions pensions Poland pool previous regime private sector productivity redistribution reduce reforms region reservation utility reservation wage restructuring role Romania rural areas Russia schemes significant significantly Slovak Republic Slovenia social assistance social policies social security structural change transition countries transitional economies unem unemployed unemployment benefits systems unskilled urban areas vacancies Visegrad Visegrad group wage setting workers workforce