The labor market in Hungary, 2000-2025

Bálint Menyhért
Authors registered in the RePEc Author Service: Balint Menyhert

IZA World of Labor, 2025, No 519, 519

Abstract: In the early 2000s, Hungary’s employment rate in the working-age population was below 60%. That is now a distant memory, as labor force participation is among the highest in the EU, unemployment is consistently low, and the purchasing power of wages keeps growing at a high rate. While undoubtedly a success story, it is also a cautionary tale of coerced activation, labor market segmentation, rising inequalities, declining social mobility, and strained employment relations.

Keywords: Hungary; labor markets; employment; earnings inequality; work organization (search for similar items in EconPapers)
JEL-codes: E24 J2 J3 J41 J8 (search for similar items in EconPapers)
Date: 2025
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