Unemployment in Transition
Restructuring and Labour Markets in Central Europe
Routledge – 2001 – 238 pages
The emergence of open unemployment is an unavoidable consequence of postcommunist transition. Some countries-notably in the former Soviet Union-initially slowed economic contraction. But in the longer run slower reformers have generally sustained deeper and more prolonged recessions than faster reforming central European countries. Moreover, the initially low unemployment rates in the former Soviet Union are now rising, and may stabilise at higher post-transition equilibrium rates than in Central Europe.
(This) book represents a very important contribution to current debates on the labour market dynamics in transition economies. It provides a comprehensive outline of the most important issues