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This paper documents that inequality in labor earnings increased substantially during the economic transition in Poland … that even state-owned enterprises in Poland moved toward competitive wage setting during the transition. Education premia …-group inequality in Poland were very different across skill groups, with much larger increases for highly educated workers …
Persistent link: https://www.econbiz.de/10014403669
This paper examines China’s reform experience since 1978, reviewing major initiatives taken and assessing their impact on economic structure and their implications for macroeconomic management and stability. It identifies some of the special conditions before and during the reform process that...
Persistent link: https://www.econbiz.de/10014397706
This paper deals with the early stages of transformation of centrally-planned economies (CPEs) into market economies during which expectations play a key role. It focuses on the transitional phase during which the economy is not any more a CPE but has not yet become a market economy. During this...
Persistent link: https://www.econbiz.de/10014398717
A simple model is developed to understand inflationary pressures and stabilization in nonmarket economies. In light of the model, the paper reviews the inflation and stabilization experiences of several transition economies in Eastern Europe and the former Soviet Union. These experiences are...
Persistent link: https://www.econbiz.de/10014398765
This paper proposes an operational interpretation of the concept of economic governance. It argues that the capacity of governments to credibly ensure a secure economic environment provides an important benchmark against which governance can be evaluated. Such an environment—which is essential...
Persistent link: https://www.econbiz.de/10014403311
This paper examines alternative approaches to building sound financial structures in emerging market economies. The foremost task is to resolve the bad loan problem and to recapitalize insolvent state banks. By restoring an incentive for banks to price accurately the risks of new lending, this...
Persistent link: https://www.econbiz.de/10014396324
Macroeconomic stabilization and structural reforms in Russia since 1992 have been proceeding in a rather chaotic fashion. The Russian variety of economic gradualism has seen a sharp decline in output, though less than indicated by official statistics, and relatively resilient household...
Persistent link: https://www.econbiz.de/10014398746
This paper analyses how globalization has affected inflation in the New EU Members States (NMS), and Poland in …
Persistent link: https://www.econbiz.de/10014400725
This paper challenges the conventional wisdom that income inequality in Poland increased substantially following the …
Persistent link: https://www.econbiz.de/10014403464
This paper challenges the conventional wisdom that inequality in Poland increased markedly during the economic …
Persistent link: https://www.econbiz.de/10014399835