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Assessment of Labour Market Elasticity in Latvia

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  • Anna Zasova
  • Aleksejs Melihovs

Abstract

Latvia's accession to the EU and its resolute policy oriented toward a full-fledged participation in the EMU, have highlighted the need for a profound investigation into the country's labour market. A flexible labour market is a key policy instrument for a country in the single currency area to ensure an escape from the adverse effects of asymmetric shocks. Labour market flexibility will determine how efficiently the economy of Latvia will develop in the period following its accession to the EU. The paper deals with flexibility of Latvia's labour market using the dynamics of market indicators and assessing its institutional framework.

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Bibliographic Info

Paper provided by Latvijas Banka in its series Working Papers with number 2005/03.

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Date of creation: 25 Nov 2005
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Handle: RePEc:ltv:wpaper:200503

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Related research

Keywords: labour market flexibility; flexibility of wages; institutional framework;

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References

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  1. Christiane Krieger-Boden & Dirk Dohse & Rüdiger Soltwedel, 1999. "EMU Challenges European Labor Markets," IMF Working Papers 99/131, International Monetary Fund.
  2. Philippe Aghion & Olivier J. Blanchard, 1994. "On the Speed of Transition in Central Europe," NBER Chapters, in: NBER Macroeconomics Annual 1994, Volume 9, pages 283-330 National Bureau of Economic Research, Inc.
  3. Fabiani, Silvia & Rodriguez-Palenzuela, Diego, 2001. "Model-based indicators of labour market rigidity," Working Paper Series 0057, European Central Bank.
  4. Tiiu Paas & Raul Eamets, 2002. "Labour Flexibility and Migration in the EU Eastward Enlargement Context: The Case of the Baltic States," Eastward Enlargement of the Euro-zone Working Papers wp11, Free University Berlin, Jean Monnet Centre of Excellence, revised 01 Sep 2002.
  5. Mihails Hazans, 2003. "Determinants of Inter-Regional Migration in the Baltic Countries," ERSA conference papers ersa03p354, European Regional Science Association.
  6. Hazans, Mihails, 2003. "Commuting in the Baltic States: Patterns, determinants and gains," ZEI Working Papers B 02-2003, ZEI - Center for European Integration Studies, University of Bonn.
  7. Mihails Hazans, 2003. "Potential emigration of Latvian labour force after joining the EU and its impact on Latvian labour market," SSE Riga/BICEPS Research Papers 2003-2, Baltic International Centre for Economic Policy Studies (BICEPS) and Stockholm School of Economics in Riga (SSE Riga).
  8. Jørgen Elmeskov, 1993. "High and Persistent Unemployment: Assessment of the Problem and Its Causes," OECD Economics Department Working Papers 132, OECD Publishing.
  9. Sjef Ederveen & Laura Thissen, 2007. "Can labour market institutions explain high unemployment rates in the new EU member states?," Empirica, Springer, vol. 34(4), pages 299-317, September.
  10. Kenen, Peter B, 1997. "Preferences, Domains, and Sustainability," American Economic Review, American Economic Association, vol. 87(2), pages 211-13, May.
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Cited by:
  1. Ieva Brauksa & Ludmila Fadejeva, 2013. "Internal Labour Market Mobility in 2005-2011: The Case of Latvia," Working Papers 2013/02, Latvijas Banka.

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