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Structural Adjustment without Mass Unemployment?

Editor

Listed:
  • Simon Clarke

Abstract

Mass unemployment has usually been seen as a necessary accompaniment to major structural adjustment, yet in Russia, amid economic collapse, enormous structural changes have taken place with remarkably low levels of unemployment. Some have seen low unemployment as a sign that Russia has undergone no real changes, but others see it as a sign of a remarkably flexible labour market, with very high rates of labour turnover and extremes of wage differentiation allowing low-wage (and even no-wage) employment to persist in the old industries alongside the growth of a new private sector. On this interpretation, Russia shows to the world, in extreme form, both the benefits and the costs of labour market flexibility.

Suggested Citation

  • Simon Clarke (ed.), 1998. "Structural Adjustment without Mass Unemployment?," Books, Edward Elgar Publishing, number 1445, February.
  • Handle: RePEc:elg:eebook:1445
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    File URL: http://www.e-elgar.com/shop/isbn/9781858987132
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    More about this item

    Keywords

    Economics and Finance; Social Policy and Sociology;

    JEL classification:

    • K0 - Law and Economics - - General

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