search query: @author Orazem, P.F. / total: 2
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| Author: | Orazem, P.F. Vodopivec, M. Wu, R. |
| Title: | Worker displacement during the transition: Experience from Slovenia |
| Journal: | Economics of transition
2005 : VOL 13:2, p. 311-340 |
| Index terms: | Transition economies Employment Re-employment Workers Pay Slovenia Eastern Europe |
| Language: | eng |
| Abstract: | The Slovenian transition created bigger labour displacements (hereafter as: d-plcmt/s.) than those experienced in North America in the 1980s. In Slovenia, probability of both layoffs and quits fell with worker tenure, firm profitability and expected severance costs. Individuals facing a higher probability of d-plcmt. accepted slower wage growth than otherwise comparable workers. The incentives to avoid d-plcmt. were strong workers that actually were displaced faced a slow process of transiting out of unemployment with only one-third finding re-employment. Correcting for selection, real wage losses for displaced workers are comparable to those reported for displaced workers in North America. |
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