, some displaced workers lose out via longer unemployment durations and/or lower real wages in post-displacement jobs. In …

-up in terms of productivity but also a J-curve shape of output growth accompanied by an increase in unemployment on a large … and jobs, the model reproduces the pattern of productivity, growth and unemployment that we find in the CEE countries …. -- catching-up ; growth ; unemployment ; technological change ; transition economies …

growth is exogenously determined, we show that in the initial stages of transition unemployment will rise over time. After a … critical stage in the transition process, restructuring is accompanied by a decline in unemployment. When growth is … is determined by the level of human capital in the private sector and the rate of unemployment. The effects of various …

This paper provides a critique of the ``unemployment invariance hypothesis,'' according to which the behavior of the … labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … the equilibrating mechanisms to ensure unemployment invariance; in particular, other markets may perform part of the …