Modelling of the Labour Market in a Transition Economy

Mikhail Mikhalevich

Chapter Chapter 8 in The Socio-Economic Transformation, 2007, pp 117-141 from Palgrave Macmillan

Abstract: Abstract Labour market in a transition economy is considered as the market with imperfect competition. A new approach, based on dynamic macromodels of interaction between monopsonic labor market and market of goods and services is developed and analyzed. Conditions of economic stabilization and emergence of economic cycles for these models are investigated. Essential aspects of employment theory for the early stages of transition are discussed.

Keywords: Labour Market; Business Cycle; Real Wage; Transition Economy; Imperfect Competition (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37903-9_8

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DOI: 10.1057/9780230379039_8

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