Unemployment in Transition: Restructuring and Labour Markets in Central Europe

1st Edition

Janice Bell, Tomasz Mickiewicz

Routledge
Published January 23, 2001
Reference - 238 Pages
ISBN 9789058231031 - CAT# RX10298
Series: Economies in Transition to the Market

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Summary

The emergence of open unemployment is an unavoidable consequence of postcommunist transition. Some countries-notably in the former Soviet Union-initially slowed economic contraction. But in the longer run slower reformers have generally sustained deeper and more prolonged recessions than faster reforming central European countries. Moreover, the initially low unemployment rates in the former Soviet Union are now rising, and may stabilise at higher post-transition equilibrium rates than in Central Europe.

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