Wage Structure in the Transition of the Czech Economy

March 1, 1995

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Format: Chicago

Robert J. Flanagan Wage Structure in the Transition of the Czech Economy, (USA: International Monetary Fund, 1995) accessed November 21, 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

From the perspective of market economies, central planning produced distinct distortions in the wage structures of socialist countries. This paper examines the extent to which wage structures have adjusted to remove such distortions during the economic transition using micro-data from the Czech Republic. There is strong evidence that Czech wage structures are moving toward patterns in market economies, and the change is led by developments in the private sector and retarded by the sluggish response in state enterprises. At the same time, the establishment of collective bargaining does not appear to be introducing countervailing distortions into Czech wage structures.

Subject: Economic sectors, Education, Labor, Labor markets, Public sector, Wage adjustments, Wage structure, Wages

Keywords: Career wage profile, Eastern Europe, Efficiency wage, Enterprise wages policy, Firm, Pay, Private-sector wage advantage, Public sector, State enterprise, Union, Union wage premium, Wage adjustments, Wage policy, Wage structure, Wages, WP

Publication Details

Pages:

24
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1995/036
Stock No:

WPIEA0361995
ISBN:

9781451977998
ISSN:

1018-5941

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