Expectations of future socioeconomic mobility are an important determinant of current policy preferences. But how may these expectations be formed? Using Life in Transition survey data for a large set of transition economies and several Western European countries, this paper examines the link...

This paper considers the impact on sectoral outputs and employments of rapid and large changes in relative prices, such as those which occurred in transition economies during the 1990s. A simple general equilibrium model is developed in which price changes are induced by a tax reform and...

How important are agglomeration economies for the location of foreign manufacturing plants? We investigate this question by combining innovations from previous studies and by taking advantage of a quasi-experimental setting: the political and economic transition in Romania. The recent, sudden...