Hungary has been a front-runner in the transition to capitalism. It has also experienced exceptionally radical changes in employment and relative wages. One main feature of these changes is an enormous increase in the returns to skill. This paper argues that it is instructive to divide the...

The paper analyzes the changes in the relative labor market position of the public sector employees, using both macro-level employment statistics and large wage surveys. While competitive employment decreased by more than 30 per cent during the transition, number of public employees have not...

Regional unemployment and non-participation rates are higher, more disperse, and more stable in Europe than in the U.S. This paper helps understand what may cause this phenomenon. Specifically, it looks at the role of migration in regional differences. I analyze the adjustment mechanisms of...