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On the Speed of Transition in Central and Eastern Europe: Does On-the-Job Search Matter?
Author: Ms. Zuzana Brixiova
Series:
IMF Working Papers
Volume/Issue:
Volume 1997: Issue 102
Language:
English
Publication Date:
01 Aug 1997
DOI:
https://doi.org/10.5089/9781451948417.001
ISBN:
9781451948417
ISSN:
1018-5941
Pages:
22
Keywords:
WP; private sector employment; unemployment; on-the-job search; Central and Eastern Europe; state sector worker; private sector vacancy; private sector wage; State sector employment; Public sector; Employment; Unemployment rate
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund