Lehmann, Hartmut; Walsh, Patrick Paul - LICOS Centre for Institutions and Economic Performance, … - 1999
restructuring, reduced unemployment turnover and lowered the number of workers with out-dated human capital in the unemployment … unemployment turnover and increased the number of workers with out-dated human capital among the unemployed. We argue that the role … can lessen the social cost created from the inheritance of out-dated human capital, which is a legacy of central planning. …