Unemployment in Transition: Restructuring and Labour Markets in Central Europe

Janice Bell and Tomasz Mickiewicz

Book Details

Format: EPUB

Page count: 237 pages

File size: 6.1 MB

Protection: DRM

Language: English

The emergence of open unemployment is an unavoidable consequence of postcommunist transition. Some countries-notably in the former Soviet Union-initially slowed economic contraction. But in the longer run slower reformers have generally sustained deeper and more prolonged recessions than faster reforming central European countries. Moreover, the initially low unemployment rates in the former Soviet Union are now rising, and may stabilise at higher post-transition equilibrium rates than in Central Europe.