Lehmann, Hartmut; Razzolini, Tiziano; Zaiceva, Anzelika - 2016
This paper analyzes how the labor market adjusts to the Great Recession. To this aim, we use the data for Latvia, a … estimate worker transitions between labor market states. Labor market adjustment takes place predominantly at the extensive … exclusive occupational groups demonstrate that downward mobility is very limited even during the Great Recession. Finally, wage …