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| Author: | Jurajda, S. Terrell, K. |
| Title: | Regional unemployment and human capital in transition economies |
| Journal: | Economics of transition
2009 : VOL. 17:2, p. 241-274 |
| Index terms: | unemployment human capital transition economies labour mobility czech republic bulgaria hungary ukraine |
| Language: | eng |
| Abstract: | In post-communist economies, the differences in regional unemployment are large and persistent. This study shows that within-country regional variation in inherited human capital in four such economies explain the bulk of regional variation in unemployment. The evidence suggests that internal skill-biased migration and the flow of foreign direct investment are not working as adjustment mechanisms but rather help explain the lack of convergence in regional unemployment rates. The observed migration pattern appears to arise from different skill-specific adjustments to regional shocks brought about in part by labour-market institutions such as guaranteed welfare income. |
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