Job Reallocation in Two Cases of Massive Adjustment in Eastern Europe

被引:6
作者
Jurajda, Stepan [1 ]
Terrel, Katherine [2 ]
机构
[1] CERGE El, Prague, Czech Republic
[2] Univ Michigan, Ann Arbor, MI 48109 USA
基金
美国国家科学基金会;
关键词
job creation; job destruction; transition; Czech Republic; Estonia; Eastern Europe;
D O I
10.1016/j.worlddev.2008.03.013
中图分类号
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号
0201 ; 020105 ; 03 ; 0303 ;
摘要
This paper uses worker-level data to characterize economy-wide job creation and job destruction during periods of massive structural adjustment. We contrast the gradualist Czech and the rapid Estonian approach to the destruction of the communist economy and assess their experience in light of selected theories of reallocation with frictions. We find that gradual job destruction combined with job creation support allows extensive reallocation to concur with low unemployment. Drastic job destruction. on the other hand, need not slow down job creation as long as unemployment benefits are kept very low. (C) 2008 Elsevier Ltd. All rights reserved.
引用
收藏
页码:2144 / 2169
页数:26
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