Series: IMF Working Papers
Author(s): Pietro Garibaldi , and Zuzana Brixiova
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 1997
Keywords: Unemployment, Transition Economies, Matching Models, wage, minimum wage, wages, benefits
This paper studies interactions between labor market institutions and unemployment dynamics in transition economies. It presents a dynamic matching model in which state sector firms endogenously shed labor and priv...