Using firm-level and individual panel data from 2008-2009, the paper looks at how Hungarian firms combined employment reduction with "softer" measures like short-work and wage cuts, in response to the crisis. The data suggest that the wage distribution remained practically unchanged while hours...

Using firm-level and individual panel data from 2008-2009, the paper looks at how Hungarian firms combined employment reduction with "softer" measures like short-work and wage cuts, in response to the crisis. The data suggest that the wage distribution remained practically unchanged while hours...

In the conventional textbook demand-supply model of competitive labour markets, introduction of a minimum wage above the market-clearing level must reduce employment. Empirical findings suggest, however, that this might not always be the case, which appears to be most readily explained by...

In the conventional textbook demand-supply model of competitive labour markets, introduction of a minimum wage above the market-clearing level must reduce employment. Empirical findings suggest, however, that this might not always be the case, which appears to be most readily explained by...

The new Labor Code passed by the Parliament in 2012 has been the most important change of the regulation of labor relations in Hungary since 1992. This report summarizes the main results of a field work research which was managed by the Institute of Economics HAS and financed by the LIGA Trade...

The new Labor Code passed by the Parliament in 2012 has been the most important change of the regulation of labor relations in Hungary since 1992. This report summarizes the main results of a field work research which was managed by the Institute of Economics HAS and financed by the LIGA Trade...

Using the 2004 income survey of the Hungarian Central Statistical Office we consider the targeting of two types of unemployment-related benefits: a) unemployment insurance and re-training benefits and b) the unemloyment assistance (UA). The evidence suggests that unemployment-related benefits...