This paper looks behind the standard, publicly available employment and unemployment statistics that studies of transition economy labor markets have typically relied upon. We analyze microdata on detailed labor force survey responses in Russia, Romania, and Estonia to measure nonstandard,...

Most economists believe that the nation is beginning to bounce back from the deepest slump since the Great Depression. But if recessions past are any guide, the recovery process will likely be both bumpy and protracted, because growth tends to return unevenly across the regional landscape. Some...

Collapsing housing and stock market wealth has reduced households’ willingness to consume and businesses’ motivation to invest, in the process spawning the worst recession since the Great Depression. But the twin disasters may not affect all states equally. The evidence suggests that the...

This paper is the first to analyze the costs of job loss in Russia, using unique new data from the Russian Longitudinal Monitoring Survey over the years 2003-2008, including a special supplement on displacement that was initiated by us. We employ fixed effects regression models and propensity...

This paper analyzes the costs of job loss in China, using unique new data from the Rural-to-Urban Migration in China (RUMIC) data set for the year 2009. We investigate conventional labor market outcomes upon displacement like the length of unemployment spells, hours worked and monthly earnings....

Continuous enterprise restructuring is needed for the transition and emerging market economies to become and remain competitive. However, the beneficial effects of restructuring in the medium run are accompanied by large worker displacement. The costs of displacement can be large and...