differ in workers' productivity. We look at the paths of employment, wages, taxes, labor costs and profits during and after … the transition, up until the shock is fully absorbed. Viability is a function of the speed of job destruction and the … strength of the initial shock to employment. In the long run, the system asymptotically converges to full employment of all …

economic transition in Poland. Consequently, such a move must be backed by the determination to keep the SWF as institutionally …