IDEAS home Printed from https://ideas.repec.org/p/pri/indrel/24.html
   My bibliography  Save this paper

The Labor Market Under Central Planning: The Case of Hungary

Author

Listed:
  • Daniel S. Hamermesh

    (Princeton University)

  • Richard D. Portes

    (Princeton University)

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.

Suggested Citation

  • Daniel S. Hamermesh & Richard D. Portes, 1971. "The Labor Market Under Central Planning: The Case of Hungary," Working Papers 397, Princeton University, Department of Economics, Industrial Relations Section..
    • Handle: RePEc:pri:indrel:24
    as

    Download full text from publisher

    File URL: https://dataspace.princeton.edu/bitstream/88435/dsp0173666449m/1/24.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    More about this item

    Keywords

    Hungary;

    JEL classification:

    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pri:indrel:24. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bobray Bordelon (email available below). General contact details of provider: https://edirc.repec.org/data/irprius.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.