Labor Market Flexibility in Central and East Europe

Jan Svejnar

No 496, William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan

Abstract: I explore the extent to which insufficient labor market flexibility is an important factor causing Central and East European (CEE) economies to perform worse than they could and hence slowing down their readiness to enter the European Union. My conclusion is that labor market flexibility is an issue but that it is not a major factor in comparison to imperfections and regulations in other areas such as the housing market, transportation infrastructure, capital market, corporate governance, legal framework, and business environment. In particular, my assessment is that transition labor markets have been as flexible and functional as labor markets in the market economies and that the observed differences across transitional labor markets do not account for cross-country differences in economic performance.

JEL-codes: J3 J4 J5 J6 P2 P3 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2002-08-01
New Economics Papers: this item is included in nep-eec, nep-lab and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

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Persistent link: https://EconPapers.repec.org/RePEc:wdi:papers:2002-496

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