Labour Markets in Albania and Other Transition Economies: Theory and Recent Developments
AbstractRising unemployment and falling living standards are two of the main problems facing economies in transition. In this paper, we present recent developments in labour markets in former communist countries in Europe, and we highlight the distinctive case of Albania, which has the highest levels of unemployment, the largest private sector, and by far the greatest scale of temporary emigration. A simple flow model is used to demonstrate how different time paths of unemployment emerge under different approaches to the reallocation of human capital. The model also analyses the determination of emigration flows, and shows how these flows may in turn influence the rate of growth of the private sector, and the degree of long-term unemployment.
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Bibliographic InfoPaper provided by Department of Economics, University of Kent in its series Studies in Economics with number 9617.
Date of creation: Dec 1996
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Postal: Department of Economics, University of Kent at Canterbury, Canterbury, Kent, CT2 7NP
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Find related papers by JEL classification:
- E24 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
- J61 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Geographic Labor Mobility; Immigrant Workers
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
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- Walsh, Patrick Paul, 2003. "The cyclical pattern of regional unemployment flows in Poland," Economic Systems, Elsevier, vol. 27(2), pages 155-169, June.
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