01828cas a2200253 a 4500 AALejournalIMF000469 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451930566 1018-5941 BD-DhAAL BD-DhAAL Garibaldi, Pietro. Labor Market Institutions and Unemployment Dynamics in Transition Economies / Pietro Garibaldi, Zuzana Brixiova. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (46 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper studies interactions between labor market institutions and unemployment dynamics in transition economies. It presents a dynamic matching model in which state sector firms endogenously shed labor and private job creation takes time. Two main conclusions arises. First, higher unemployment benefits increase steady-state unemployment, and, during the transition, they reduce the fall in real wages and speed up closure of state enterprises. Second, higher minimum wages can theoretically speed up the elimination of state sector jobs without affecting steady-state unemployment. These results are broadly consistent with existing evidence on the dynamics of unemployment and real wages in transition economies. Mode of access: Internet Brixiova, Zuzana. IMF Working Papers; Working Paper ; No. 1997/137 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/137/001.1997.issue-137-en.xml IMF e-Library