We extend the benchmark model of Aghion and Blanchard (1994), assuming two segments of the emerging private sector that differ in workers' productivity. We look at the paths of employment, wages, taxes, labor costs and profits during and after the transition, up until the shock is fully...

We extend the benchmark model of Aghion and Blanchard (1994) assuming two segments of the emerging private sector that differ in workers' productivity. We look at the paths of employment, wages, taxes, labor costs and profits during and after the transition, up until the shock is fully absorbed....

A tanulmány a jól ismert Aghion-Blanchard-modell kiterjesztése arra az esetre, amikor a bérek késedelmes alkalmazkodása miatt a kibontakozó magánszektor vállalatai átmenetileg eltérő nyereségességgel, és ezért eltérő ütemben teremtenek munkahelyeket a gazdaság különböző...