Appropriability of Returns in the Yugoslav Firm
AbstractThe paper argrues that Yugoslav workers only appeared to be residual claimants in the 1970s and 1980s. Political elites, in blatant violation of the proclaimed autonomy of workers, set workers' earnings with the clear goal of evening out differences among firms. They achieved this through a pervasive and massive redistribution of income, implemented through discretionary taxation and subsidization of enterprises. The nonappropriability of returns was a hallmark of the system. Inferences based on analyses of the Yugoslav system as labor-managed are thus unwarranted.
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Bibliographic InfoArticle provided by Eastern Economic Association in its journal Eastern Economic Journal.
Volume (Year): 20 (1994)
Issue (Month): 3 (Summer)
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- Orazem, Peter & Vodopivec, Milan & Wu, Ruth, 1995.
"Worker displacement during the transition : experience from Slovenia,"
Policy Research Working Paper Series
1449, The World Bank.
- Peter F. Orazem & Milan Vodopivec & Ruth Wu, 2005. "Worker displacement during the transition: Experience from Slovenia," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 13(2), pages 311-340, 04.
- Orazem, Peter & Vodopivec, Milan & Wu, Ruth, 2004. "Worker Displacement During The Transition: Experience From Slovenia," Staff General Research Papers 12032, Iowa State University, Department of Economics.
- Orazem, Peter F. & Vodopivec, Milan & Wu, Ruth, 2004. "Worker Displacement during the Transition: Experience from Slovenia," IZA Discussion Papers 1297, Institute for the Study of Labor (IZA).
- Gray, Cheryl W. & Hendley, Kathryn, 1995. "Developing commercial law in transition economies : examples from Hungary and Russia," Policy Research Working Paper Series 1528, The World Bank.
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