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Newbery, David M G - C.E.P.R. Discussion Papers - 1991

The inefficiency of Soviet-type economies results from their monopolized production structure, which makes soft budget constraints almost inevitable, as enterprises have bargaining power and must face expropriative tax rates for macroeconomic stability. Systemic reform aims to improve...

Persistent link: https://www.econbiz.de/10005667112

Market Concentration and Competition in Eastern Europe

Kattuman, Paul A; Newbery, David M G - C.E.P.R. Discussion Papers - 1992

A key feature of Soviet-type economies is the excessive concentration of production and the skewed size distribution of enterprises. This is the root cause of the `soft budget constraint' and a natural outcome of the political economy of these countries. Given entrenched political support for a...

Persistent link: https://www.econbiz.de/10005661561

Earnings and Seniority in Japan. A Re-appraisal of the Existing Evidence and a Comparison with the UK

Ariga, Kenn; Brunello, Giorgio - C.E.P.R. Discussion Papers - 1994

Standard estimates of earnings profiles ignore the fact that, with unobserved heterogeneity, cross-section evidence … need not reflect the `true' relationship between earnings and tenure. In this paper we argue that the observation of the … earnings growth. We apply this simple idea to Japanese and UK data. We find that tenure effects on earnings are positive but …

Persistent link: https://www.econbiz.de/10005791889

Inequality of Earnings

Snower, Dennis J. - C.E.P.R. Discussion Papers - 1999

This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the US over the …

Persistent link: https://www.econbiz.de/10005792213

The `Big Bang' Versus `Slow but Steady': A Comparison of the Hungarian and the Polish Transformations

Abel, István; Bonin, John - C.E.P.R. Discussion Papers - 1992

This paper discusses three aspects of stabilization and international integration: the real wage; inflation; and the real effective exchange rate. Using empirical evidence on inflation and the real effective exchange rate, we evaluate the gradualist option represented by the Hungarian reforms....

Persistent link: https://www.econbiz.de/10005123546

Incentives and the Management of Enterprises in Economic Transition: Capital Markets Are Not Enough

Mayhew, Ken; Seabright, Paul - C.E.P.R. Discussion Papers - 1992

This paper examines the changing incentives for the efficient management of firms in Eastern Europe. It contrasts the internal constitution of the firm (its governance and reward structures) with the various constraints imposed on the firm's activities by external conditions in capital, labour...

Persistent link: https://www.econbiz.de/10005124125

Debt Service, Foreign Direct Investment and Transformation to Market: A Simple Model

Abel, István; Bonin, John - C.E.P.R. Discussion Papers - 1992

In this paper we focus on the macroeconomic framework for the transformation of the formerly socialist economies of Central Europe into capitalist mixed market economies. We construct a simple model to compare the situations in Hungary and Poland on the eve of the transformation before the new...

Persistent link: https://www.econbiz.de/10005114151

Unemployment, Labour Market Institutions and Structural Change in Eastern Europe

Burda, Michael C - C.E.P.R. Discussion Papers - 1992

This paper surveys the emerging labour markets of the transforming economies of Central and Eastern Europe. Pissarides's model of equilibrium unemployment highlights the dynamics of labour markets as an important factor in the transformation, and labour market institutions will determine the...

Persistent link: https://www.econbiz.de/10005114238

Education Policy Reform and the Return to Schooling from Instrumental Variables

Denny, Kevin; Harmon, Colm - C.E.P.R. Discussion Papers - 2000

This paper exploits an unusual policy reform that had the effect of reducing the direct cost of schooling in Ireland in the late 1960’s. This gave rise to an increased level of schooling but with effects that vary substantially across family background. This interaction of educational reform...

Persistent link: https://www.econbiz.de/10005067582

Seniority, Earnings and Unions

Booth, Alison L; Frank, Jeff - C.E.P.R. Discussion Papers - 1994

This paper uses a new data source to investigate whether wages rise more with seniority in unionized or non-unionized workplaces. The data distinguish workers who are covered by incremental wage scales with automatic progression by seniority. For union workers with seniority scales, the union...

Persistent link: https://www.econbiz.de/10005656195