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Hungary - Costs and effectiveness of retraining in Hungary (Английский)

As an early reformer, Hungary provides valuable lessons for the other transition economies. Since 1989, sharp declines in GDP have been accompanied by rising unemployment and falling real wages. The unemployment rate appears to have stabilized since 1993 but employment continues to decline, reflecting continuing withdrawal from the formal labor market. In response to rising unemployment, the government has instituted labor programs since 1990. Among...
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