Does Eurosclerosis Matter? Institutional Reform and Labor Market Performance in Central and Eastern Europe

This paper examines the labor market dynamics of six CEE countries over the last 10 years, paying special attention to the nature of labor market institutions these countries have adopted and their impact on labor market performance. This paper finds that, compared to EU countries, CEE countries fall in the "middle" of the flexibility scale regarding their employment protection legislation. While the effect of labor market institutions is hard to uncover, it should not be disregarded and they are likely to play an important role in the coming years.

Bibliographic Details

Main Authors:	Silva-Jáuregui, Carlos, Riboud, Michelle, Sánchez-Páramo, Carolina
Language:	English en_US
Published:	Washington, DC: World Bank 2002
Subjects:	BANK OF SLOVENIA, DEMOGRAPHICS, DISMISSAL, ECOLOGY, ECONOMIC REFORM, ECONOMIC SECTORS, EMPLOYMENT, EMPLOYMENT GROWTH, EXCHANGE RATE, FINANCIAL CRISES, FINANCIAL INTEGRATION, HIGH UNEMPLOYMENT, INCOME, INFLATION, INSURANCE, LABOR FORCE, LABOR FORCE PARTICIPATION, LABOR LEGISLATION, LABOR MARKET, LABOR MARKET ADJUSTMENT, LABOR MARKET POLICIES, LABOR MARKETS, LAWS, LEGISLATION, MARKET INSTITUTIONS, MINIMUM WAGE, MINIMUM WAGES, PRIVATIZATION, PRODUCTIVITY, PRODUCTIVITY GROWTH, REAL WAGES, TEMPORARY EMPLOYMENT, TRADE UNIONS, UNEMPLOYED, UNEMPLOYMENT, UNEMPLOYMENT BENEFITS, UNEMPLOYMENT LEVELS, UNEMPLOYMENT RATE, UNEMPLOYMENT RATES, WAGES, WATER PRICING, YOUTH EUROPEAN INTEGRATION, INSTITUTIONAL REFORM, LABOR MARKET POLICY, PERFORMANCE CRITERIA, EMPLOYMENT SECURITY, SOCIAL PROTECTION SYSTEMS, LABOR LAWS & LEGISLATION, EUROPEAN UNION MEMBERSHIP,
Online Access:	http://documents.worldbank.org/curated/en/2002/01/1811294/eurosclerosis-matter-institutional-reform-labor-market-performance-central-eastern-europe https://hdl.handle.net/10986/14093
Tags:	Add Tag No Tags, Be the first to tag this record!