Unemployment in Transition

Restructuring and Labour Markets in Central Europe

Business & Finance, Career Planning & Job Hunting, Labor
Cover of the book Unemployment in Transition by Janice Bell, Tomasz Mickiewicz, Taylor and Francis
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Author: Janice Bell, Tomasz Mickiewicz ISBN: 9781134436330
Publisher: Taylor and Francis Publication: September 13, 2013
Imprint: Routledge Language: English
Author: Janice Bell, Tomasz Mickiewicz
ISBN: 9781134436330
Publisher: Taylor and Francis
Publication: September 13, 2013
Imprint: Routledge
Language: English

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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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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