Please use this identifier to cite or link to this item: http://arks.princeton.edu/ark:/88435/dsp0173666449m
 Title: The Labor Market Under Central Planning: The Case of Hungary Authors: Hamermesh, DanielPortes, Richard Issue Date: 1-May-1971 Citation: Oxford Economic Papers, Vol. 24, No. 2, July 1972 Series/Report no.: Working Papers (Princeton University. Industrial Relations Section) ; 24 Abstract: Economic theory discusses how wages and employment in a given labor market are determined by exogenous variables and the behavior of the participants, enterprises and workers. For a variety of reasons, econometric tests for Western countries of the resulting theoretical propositions have often been inconclusive. In centrally planned economies, the structure of labor markets may differ from those in predominantly market economies, and a third class of participants, the planners, will enter into the deter- mination of wages and employment. In this paper, we suggest a simple structural model of the labor market in Hungary during the postwar period and fit time series data for individual industries to this model. URI: http://arks.princeton.edu/ark:/88435/dsp0173666449m Related resource: http://links.jstor.org/sici?sici=0030-7653%28197207%292%3A24%3A2%3C241%3ATLMUCP%3E2.0.CO%3B2-3 Appears in Collections: IRS Working Papers

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