We extend the benchmark model of Aghion and Blanchard (1994) assuming two segments of the emerging private sector that 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....

The low level of job search is a unique feature of the Hungarian labour market compared to other former communist countries. The paper looks at search intensity among the non-employed using micro-data of the European Labour Force Survey. A section comparing Hungary, Poland and Slovakia in detail...

Based on the microbased panel datasets of the Labour Force Survey between 1998 and 2010 and the administrative Pension Fund data between 2000 and 2006 we analyse the number, composition and subsequent labour market behaviour of former public sector employees in Hungary. We show that the greater...