We look at the differences in regional unemployment rates in six major transition countries and their persistence over time. We analyse the role various adjustment mechanisms play. While movement out of the labour force seems to be one consequence in many regions with high relative unemployment,...

Income inequality can be measured at different levels of aggregation such as global, continental, international and national levels. Here we consider income inequality at the national level but the focus is on the within country regional inequality. Regional inequality in income distribution in...

This paper exploits the rapid rise in self-employment rates in post-communist Eastern Europe as a valuable ?quasi-experiment? for understanding the sources of entrepreneurship. A relative demand-supply model and an individual sectoral choice model are used to analyze a 1993 survey of 27,000...

We study worker turnover in a transition economy to investigate to what extent the length of time a worker has been employed by a firm shapes the turnover process. Using data from the Polish Labor Force Survey and The Russian Longitudinal Monitor Survey we compare the pattern of turnover with a...

This paper estimates a tri-variate VAR-GARCH(1,1)-in-mean model to examine linkages between the stock markets of three Central and Eastern European countries (CEECs), specifically the Czech Republic, Hungary, and Poland, and both the UK and Russia. The adopted framework allows to analyse...

The Baltic Sea region has been subject to processes of both disintegration and integration. On the southeastern shore of the Baltic Sea, former CMEA trade relations as well as the traditional system of Soviet socialist division of labour has disintegrated after 1991. With the exception of the...

This paper examines inequality patterns in the 1990s in Poland, Russia and Hungary. We consider three different definitions of income and analyse the contributions to inequality of their main components using LIS micro data. Inequality is measured using the Gini and Theil indices, which in turn...

We investigate the impact of fiscal variables on bond yield spreads relative to US Treasury bonds in the Czech Republic, Hungary, Poland, Russia and Turkey from May 1998 to December 2007. To account for the importance of market expectations we use projected values for fiscal and macroeconomic...

This paper compares income inequality in former socialist countries with those in a market society, focusing on the ways in which social welfare systems operate in different states. Evidence of inequality and poverty is considered for three countries: Russia; Poland; and Finland. These issues in...