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Appropriability of Returns in the Yugoslav Firm

Author

Listed:
  • Milan Vodopivec

    (World Bank)

Abstract

The paper argrues that Yugoslav workers only appeared to be residual claimants in the 1970s and 1980s. Political elites, in blatant violation of the proclaimed autonomy of workers, set workers' earnings with the clear goal of evening out differences among firms. They achieved this through a pervasive and massive redistribution of income, implemented through discretionary taxation and subsidization of enterprises. The nonappropriability of returns was a hallmark of the system. Inferences based on analyses of the Yugoslav system as labor-managed are thus unwarranted.

Suggested Citation

  • Milan Vodopivec, 1994. "Appropriability of Returns in the Yugoslav Firm," Eastern Economic Journal, Eastern Economic Association, vol. 20(3), pages 337-348, Summer.
    • Handle: RePEc:eej:eeconj:v:20:y:1994:i:3:p:337-348
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    File URL: http://web.holycross.edu/RePEc/eej/Archive/Volume20/V20N3P337_348.pdf
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    Citations

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    Cited by:

    1. Peter F. Orazem & Milan Vodopivec & Ruth Wu, 2005. "Worker displacement during the transition: Experience from Slovenia," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 13(2), pages 311-340, April.
    2. Gray, Cheryl W. & Hendley, Kathryn, 1995. "Developing commercial law in transition economies : examples from Hungary and Russia," Policy Research Working Paper Series 1528, The World Bank.

    More about this item

    Keywords

    Yugoslavia;

    JEL classification:

    • J54 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Producer Cooperatives; Labor Managed Firms

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