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The Sustainable Rate of Unemployment in TransitionCountries

  • Kartonierter Einband
  • 284 Seiten
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The process of transition from a centrally-planed to a market economy has had a tremendous impact on various aspects of socio-econ... Weiterlesen
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Beschreibung

The process of transition from a centrally-planed to a market economy has had a tremendous impact on various aspects of socio-economic life including the labour market. In these circumstances alongside the traditional forms of adjustment emerge additional mechanisms such as employment in the informal sector, inactivity and emigration. Each of these plays an important role in cushioning the economic and social consequences of unemployment. With this in mind, the sustainable rate of unemployment is defined as the rate, given the job creation in the formal sector, that in the long-run provides a balance between welfare expenditure and revenues from the payroll taxes, taking into account the capacity of the alternative labour market adjustment mechanisms to absorb a part of the unemployed workforce. This book provides a model of the sustainable rate of unemployment which yields several testable results from a comparative static point of view and enables a dynamic simulation of labour market outcomes. The analysis should help shed some light on the transitional labour markets and should be especially useful to professionals and policy makers in the field of labour economics.

Autorentext

Dimitar Nikoloski is lecturer at the Faculty of Economics-Prilep, Macedonia. His main subjects of interest are applied econometrics and labour economics. Among the author's achievements is the second prize on the annual competition for young researchers in the field of macroeconomics organised by the Macedonian National Bank (April, 2007).



Klappentext

The process of transition from a centrally-planed toa market economy has had a tremendous impact onvarious aspects of socio-economic life including thelabour market. In these circumstances alongside thetraditional forms of adjustment emerge additionalmechanisms such as employment in the informal sector,inactivity and emigration. Each of these plays animportant role in cushioning the economic and socialconsequences of unemployment. With this in mind, thesustainable rate of unemployment is defined as therate, given the job creation in the formal sector,that in the long-run provides a balance betweenwelfare expenditure and revenues from the payrolltaxes, taking into account the capacity of thealternative labour market adjustment mechanisms toabsorb a part of the unemployed workforce. This bookprovides a model of the sustainable rate ofunemployment which yields several testable resultsfrom a comparative static point of view and enables adynamic simulation of labour market outcomes. Theanalysis should help shed some light on thetransitional labour markets and should be especiallyuseful to professionals and policy makers in thefield of labour economics.

Produktinformationen

Titel: The Sustainable Rate of Unemployment in TransitionCountries
Untertitel: A Case Study for Macedonia
Autor:
EAN: 9783639093995
ISBN: 978-3-639-09399-5
Format: Kartonierter Einband
Herausgeber: VDM Verlag Dr. Müller e.K.
Genre: Sonstiges
Anzahl Seiten: 284
Gewicht: 439g
Größe: H220mm x B150mm x T17mm
Jahr: 2013