Employment and Wage Policies 1950–55

Jan Adam
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Jan Adam: University of Calgary

Chapter 7 in Employment and Wage Policies in Poland, Czechoslovakia and Hungary since 1950, 1984, pp 93-112 from Palgrave Macmillan

Abstract: Abstract After the seizure of political power by the communists all three countries embarked on medium-term plans: Czechoslovakia and Hungary on five-year plans (the former for the period 1949–53 and the latter for 1950–4) and Poland on a six-year plan for 1950–5. The medium-term plans were preceded by short-term plans, a two-year plan in Czechoslovakia (1947–8) and three-year plans in Hungary and Poland (for 1947–9). The main goal of the short-term plans, known as reconstruction plans, was to bring the economy to a level higher than the pre-war one, with a simultaneous start to a restructuring of the economy (industrialisation), which was followed with great vigour in the medium-term plans. Naturally this goal was more demanding in Poland, where the economy suffered greatly from war events, than in the other two countries, particularly Czechoslovakia, where war destruction was minimal.

Keywords: Real Wage; Nominal Wage; Labour Shortage; Central Planner; Wage Policy (search for similar items in EconPapers)
Date: 1984
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-06832-6_7

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DOI: 10.1007/978-1-349-06832-6_7

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