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  • The real-wage/employment relationship and unemployment in transitional economies : the case of Slovenia and Hungary
    Kajzer, Alenka
    The first section of this study deals with some general theoretical contradictions and methodological issues concerning the real wage employment relationship. It also gives some explanations about ... the choice of applied method. Although some contradictions about the causality of the relationship are present, there is no doubt from theoretical as well as from common sense poin of view that real wage rise induce employment decline. The second section discussed some theoretical considerations of the wage-employment relationship in transitional economies - Svejnar's model of the labour market, and some throughts on employment and wage levels in terms of insider/outsider theory. The third section presents some indicators of macroeconomic performance and highlights the problem of rising unemployment in the transitional economies of Huhgary and Slovenia. The fourth section deals with the real wage/employment relationship in Slovenia and Hungary. It presents the results of empirical estimates of the real-wage/employment relationship in Slovenian industry in 1991-93. Since a very simple econometric methods has been used, it should be stressed that the analysis must be viewed as an initial, imperfect attempt. Finally, in the fifth part, some considerations of income policy are presented, due to the emerging rise in real wages experienced in both countries.
    Vrsta gradiva - strokovna monografija
    Založništvo in izdelava - Budapest : Hungarian Academy of Sciences, Institute for World Economics, 1994
    Jezik - angleški
    ISBN - 963-301-227-9
    COBISS.SI-ID - 6433284

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