The economic transitions in Eastern Europe have produced a contraction in the aggregate labor supply and the beginnings of a reallocation of labor from investment goods and heavy industry to consumer goods and services. The expansion of the private sector has reversed - if not eliminated - many of the labor market distortions created under central planning. Thus the first years of economic transition recorded increasing returns to human capital. There...
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1995/03/31
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14438
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2010/07/01
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Labor market responses to a change in economic system
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Income policies
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