Yugoslavia

Saul Estrin

Chapter 2 in The Performance of Labour-Managed Firms, 1982, pp 33-52 from Palgrave Macmillan

Abstract: Abstract An important conclusion from the analysis of self-managed economies is that income dispersion between industries would significantly widen as a consequence of introducing such a system. This chapter examines whether the Yugoslav experience after the reforms of 1961 and 1965 (which permitted self-managed firms to operate in a market environment) conformed to these expectations. It will be shown that earnings’ differences within and between sectors widened considerably after the Reforms, even when adjustments for skill are taken into account, and that the form of labour maket misallocation after 1965 conformed to that predicted in the literature (i.e. Ward, 1958; Vanek, 1970; Meade, 1972).

Keywords: White Collar; Country Study; Skill Group; Income Difference; Labour Type (search for similar items in EconPapers)
Date: 1982
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-05721-4_2

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DOI: 10.1007/978-1-349-05721-4_2

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