Labour Market Policy and the Reallocation of Labour Across Sectors
This paper investigates the extent of labour market allocation across broad industrial sectors in the transition of economies of Eastern Europe since 1989. It offers various measures of the magnitude of labour misallocation and of the speed and efficiency of reallocation during the first half of the 1980s. It compares the performance of the economies of Eastern Europe with one another and with two Southern European economies, Greece and Portugal, which have also been experiencing substantial economic change. Contrary to much a pirori theorising, the paper finds no correlation between unemployment and the speed or effectiveness of labour market reallocation. The authors argue that the analysis in the paper strengthens the case for an active as against a passive approach to labour market policy.
|Date of creation:||Mar 1997|
|Date of revision:|
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"On the Speed of Transition in Central Europe,"
4481322, Harvard University Department of Economics.
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"Industrial Policy and Restructuring in Eastern Europe,"
CEPR Discussion Papers
653, C.E.P.R. Discussion Papers.
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"Active labor market policies, job matching and the Czech miracle,"
European Economic Review,
Elsevier, vol. 40(3-5), pages 805-817, April.
- Tito Boeri & Michael Burda, 1997. "Active Labour Market Policies, Job Matching and the Czech Miracle," Politická ekonomie, University of Economics, Prague, vol. 1997(2), pages 183-192.
- Boeri, Tito & Burda, Michael C, 1995. "Active Labour Market Policies, Job Matching and the Czech Miracle," CEPR Discussion Papers 1302, C.E.P.R. Discussion Papers.
- T. Boeri & M. C. Burda, 1995. "Active Labor Market Policies, Job Matching and the Czech Miracle," SFB 373 Discussion Papers 1995,76, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
- Philippe Aghion & Olivier Jean Blanchard, 1994. "On the Speed of Transition Central Europe," NBER Working Papers 4736, National Bureau of Economic Research, Inc.
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