On the Speed of Transition in Central and Eastern Europe: Does On-the-Job Search Matter?

August 1, 1997

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Format: Chicago

Zuzana Brixiova. On the Speed of Transition in Central and Eastern Europe: Does On-the-Job Search Matter?, (USA: International Monetary Fund, 1997) accessed December 22, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper examines how the on-the-job search of workers in the state sector who are seeking jobs in the private sector affects private sector employment, the unemployment level, and the unemployment duration in the transition economies of Central and Eastern Europe. The main finding is that on-the-job searching can account for the coexistence of a quickly growing private sector and a high unemployment level of long duration. The paper also addresses the issue of the optimal (output maximizing) rate of state sector closure and finds that the rate is slower when workers are simultaneously job hunting than when they are not.

Subject: Economic sectors, Employment, Labor, Public sector, Unemployment, Unemployment rate

Keywords: Central and Eastern Europe, Employment, On-the-job search, Private sector employment, Private sector vacancy, Private sector wage, Public sector, State sector employment, State sector worker, Unemployment, Unemployment rate, WP

Publication Details

Pages:

22
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1997/102
Stock No:

WPIEA1021997
ISBN:

9781451948417
ISSN:

1018-5941

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