Lehmann, Hartmut; Razzolini, Tiziano; Zaiceva, Anzelika - 2016
This paper analyzes how the labor market adjusts to the Great Recession. To this aim, we use the data for Latvia, a … estimate worker transitions between labor market states. Labor market adjustment takes place predominantly at the extensive … margin since it is driven by flows from permanent wage employment to unemployment. We also show that older, non-Latvian and …