Sectoral restructuring and labor mobility : a comparative look at the Czech Republic

Labor mobility is crucial for an efficient allocation of resources and the transition economies are often viewed as suffering from inadequate reallocation of labor. This book shows that in the Czech Republic has been a significant movement into the finance, trade, and tourism sectors and out of the agricultural and industrial sectors. This occurred with lower incidence and duration of unemployment than in the other transition economies. The demographic characteristics of different patterns of mobility are similar across these transition economies. In the Czech Republic the flows between employment and unemployment are very responsive to demand conditions. The Czech labor market is demonstrating flexibility and efficiency in the transition.