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What Drives the Speed of Job Reallocation During Episodes of Massive Adjustment? Author info | Abstract | Publisher info | Download info | Related research | Statistics Jurajda, Stepan
Terrell, Katherine
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This Paper uses individual-level data to characterize economy-wide job creation and destruction during periods of massive structural adjustment. We contrast the gradualist Czech and the rapid Estonian approach to the destruction of the communist economy to provide evidence on selected macroeconomic theories of reallocation with frictions. We find that gradualism (slowing down job destruction) effectively synchronizes job creation and destruction. Drastic job destruction leads to little or no slowdown of job creation. Small newly established firms are the under-researched fountainhead of jobs during the transition from communist to market oriented economies.
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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number
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Date of creation: Feb 2002Date of revision:
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Keywords: job creation ; job destruction ; transition ; Other versions of this item:
Paper Jurajda, Stepán & Terrell, Katherine, 2002.
"What Drives the Speed of Job Reallocation During Episodes of Massive Adjustment? ,"
IZA Discussion Papers
601, Institute for the Study of Labor (IZA).
[Downloadable!] Stepan Jurajda & Katherine Terrell, 2001.
"What Drives the Speed of Job Reallocation during Episodes of Massive Adjustment? ,"
CERGE-EI Working Papers
wp170, The Center for Economic Research and Graduate Education - Economic Institute, Prague.
[Downloadable!] Stepan Jurajda & Katherine Terrell, 2002.
"What Drives the Speed of Job Reallocation During Episodes of Massive Adjustment? ,"
William Davidson Institute Working Papers Series
432, William Davidson Institute at the University of Michigan Stephen M. Ross Business School.
[Downloadable!] Find related papers by JEL classification: E00 - Macroeconomics and Monetary Economics - - General - - - General J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General P20 - Economic Systems - - Socialist Systems and Transition Economies - - - General
This paper has been announced in the following NEP Reports :
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
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William Davidson Institute Working Papers Series
503, William Davidson Institute at the University of Michigan Stephen M. Ross Business School.
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