EconPapers    
Economics at your fingertips  
 

Shocked by therapy? Unemployment in the first years of the socio‐economic transition in Poland and its long‐term consequences

Michal Myck () and Monika Oczkowska ()

The Economics of Transition, 2018, vol. 26, issue 4, 695-724

Abstract: We examine the long‐term implications of unemployment for material conditions and well‐being using the Polish sample from the Survey of Health, Ageing and Retirement in Europe (SHARE). Retrospective data from the SHARELIFE survey are used to reconstruct labour market experiences across the threshold of the socio‐economic transformation from a centrally planned to a free market economy in Poland. These individual experiences are matched with outcomes observed in the survey about 20 years later to examine their correlation with unemployment at the time of the transition. We find that becoming unemployed in the early 1990s correlates significantly with income, assets and a number of measures of well‐being recorded in 2007 and 2012. Using plant closures to reflect exogenous changes to labour market status at the time of the transition, we are able to confirm the causal effect of unemployment on income and house ownership 20 years later, but find no evidence for a long‐term causal relationship between unemployment and such measures of well‐being as life satisfaction, depression and subjective assessment of material conditions.

Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.1111/ecot.12161

Related works:
Working Paper: Shocked by Therapy? Unemployment in the First Years of the Socio-Economic Transition in Poland and its Long-Term Consequences (2018) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:etrans:v:26:y:2018:i:4:p:695-724

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0967-0750

Access Statistics for this article

The Economics of Transition is currently edited by Philippe Aghion and Wendy Carlin

More articles in The Economics of Transition from The European Bank for Reconstruction and Development Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2021-10-02
Handle: RePEc:bla:etrans:v:26:y:2018:i:4:p:695-724