We examine the extent to which workers in transition and developed market economies are able to obtain wages that fully reflect their skills and labor force characteristics. We find that workers in two transition economies, the Czech Republic and Poland, are able to better attain the maximum...

In this paper, we apply a stochastic frontier approach in order to analyze labor market efficiency in Poland – a transition economy and a new entrant to the European Union. Wage efficiency is defined as the ratio of a worker's actual and potential (maximum) wage, given his or her demographic...