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dc.contributor.authorHamermesh, Danielen_US
dc.contributor.authorPortes, Richarden_US
dc.identifier.citationOxford Economic Papers, Vol. 24, No. 2, July 1972en_US
dc.description.abstractEconomic 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.en_US
dc.relation.ispartofseriesWorking Papers (Princeton University. Industrial Relations Section) ; 24en_US
dc.titleThe Labor Market Under Central Planning: The Case of Hungaryen_US
dc.typeWorking Paperen_US
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