Arbeitspapier
Labour Adjustment and Efficiency in Hungary
Transition from socialist to market economy brought drastic changes to the Hungarian labour market. Employment fell by 1.6 million, i.e., by more than 25% during the early transition period, while unemployment jumped from practically nil to over 14% within four years. The rapid economic growth of the recent years could only create relatively few jobs, even though the unemployment rate continuously declined, and is less than 6% since 2001. This paper describes labour adjustment after the transitional recession, and its relationship to corporate efficiency during the recovery period, based on a panel of medium-sized and large Hungarian firms. Labour demand is also related to firm level productive efficiency.
- Sprache
-
Englisch
- Erschienen in
-
Series: Budapest Working Papers on the Labour Market ; No. BWP - 2002/4
- Klassifikation
-
Wirtschaft
Labor Demand
Firm Behavior: Theory
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
- Thema
-
labour demand
productive efficiency
firm in transition economy
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Korosi, Gabor
- Ereignis
-
Veröffentlichung
- (wer)
-
Hungarian Academy of Sciences, Institute of Economics, Labour Research Department
- (wo)
-
Budapest
- (wann)
-
2002
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Korosi, Gabor
- Hungarian Academy of Sciences, Institute of Economics, Labour Research Department
Entstanden
- 2002