We study Austrian job reallocation in the period of 1978 to 1998, using a large administrative dataset where we correct for "spurious" entries and exits of firms. We find that on average 9 out of 100 randomly selected jobs were created within the last year, and that about 9 out of randomly...

Transition from socialist to market economy brought drastic changes to the Hungarian labour market. Employment fell by 1.6 million, i.e., by more than 25% during the early transition period, while unemployment jumped from practically nil to over 14% within four years. The rapid economic growth...

We examine the effect of financial constraints on firms' employment growth. We use the maturing debt approach which uses the fact that the amount of long term credit maturing in a particular year can be considered as an exogenous financial constraint on firms’ employment decision in that year....

Transition from socialist to market economy brought drastic changes to the Hungarian labour market. Employment fell by 1.6 million, i.e., by more than 25% during the early transition period, while unemployment jumped from practically nil to over 14% within four years. The rapid economic growth...

Transition from socialist to market economy brought drastic changes on the Hungarian labour market. Employment fell by 1.6m, i.e., by more than 25% during the past decade, while unemployment jumped from practically nil to over 14% within four years. This paper describes the changes in corporate...

Transition from socialist to market economy brought drastic changes on the Hungarian labour market. Employment fell by 1.6m, i.e., by more than 25% during the past decade, while unemployment jumped from practically nil to over 14% within four years. This paper describes the changes in corporate...

Transition from socialist to market economy brought drastic changes to the Hungarian labour market. Employment fell by 1.6 million, i.e., by more than 25% during the early transition period, while unemployment jumped from practically nil to over 14% within four years. The rapid economic growth...