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Labour Market Policies in Transition Countries: An Austrian-Economic Assessment

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  • Feldmann Horst

    (University of Tübingen)

Abstract

In almost all countries, the transition from a centrally planned economy to a market economy caused high unemployment. The governments attempted to ease the changeover to a market economy for the unemployed by introducing several passive and active labour market policies. This paper first points out which effects were to be expected of such policies from the perspective of Austrian Economics. These theoretical hypotheses are then tested empirically. It turns out that the hypotheses deducted from Austrian Economics theory are impressively corroborated by the empirical evidence.Dans presque tous les pays, la transition d'une économie centralement planifiée vers une économie de marché ont provoqué un chômage élevé. Les gouvernements ont essayé d'adoucir la transition vers une économie de marché pour les chômeurs en introduisant plusieurs politiques passives et actives sur le marché du travail. Tout d'abord, cet article souligne quels étaient les effets attendus de telles politiques à la lumière de l'économie autrichienne. Ces hypothèses théoriques sont ensuite testées de manière empirique. Il en ressort que les hypothèses déduites de la théorie économique autrichienne sont corroborées de manière significative par les preuves empiriques.

Suggested Citation

  • Feldmann Horst, 2002. "Labour Market Policies in Transition Countries: An Austrian-Economic Assessment," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 12(4), pages 1-27, December.
    • Handle: RePEc:bpj:jeehcn:v:12:y:2002:i:4:n:4
    DOI: 10.2202/1145-6396.1075
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    References listed on IDEAS

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