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...

We estimate a double hurdle (DH) model of the Hungarian wage distribution assuming censoring at the minimum wage and wage under-reporting (i.e. compensation consisting of the minimum wage, subject to taxation, and an unreported cash supplement). We estimate the probability of under-reporting for...

Der Verfasser untersucht die funktionalen Charakteristika des ungarischen Arbeitskräftemarktes sowie die Ursachen des Arbeitskräftemangels. Hierbei wendet er ein von der Realität kapitalistischer Marktwirtschaften abstrahiertes Modell Ferenc Janossys auf die konkreten Bedingungen Ungarns an....