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Labor Market Dynamics in Russia 31
Foley, Mark C..
Following the dissolution of the Soviet Union in December 1991, Russia experienced a series of economic shocks, resulting in large decreases in output but limited change in employment. Using information contained in a nationally representative longitudinal survey of Russian citizens, this research analyzes the labor market behavior of individuals from 1992 to 1996 during the transition to a market economy. Under Markovian assumptions, the pattern of transitions between labor market states is identified. Results indicate that the state sector has declined, but that the emerging private sector has played a limited role in alleviating growing unemployment. The probability of losing a job increased 75 percent from 1992 to 1996 while the re-employment...
Tipo: Working or Discussion Paper Palavras-chave: Labor market dynamics; Economic transition; Russia; Labor and Human Capital.
Ano: 1997 URL: http://purl.umn.edu/28534
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STRUCTURE, BEHAVIOR, AND MARKET POWER IN AN EVOLUTIONARY LABOR MARKET WITH ADAPTIVE SEARCH 31
Tesfatsion, Leigh.
This study uses an agent-based computational labor market framework to undertake a systematic experimental investigation of the relationship between job capacity, job concentration, and market power. Job capacity is measured by the ratio of total potential job openings to total potential work offers, and job concentration is measured by the ratio of work suppliers to employers. For each setting of the capacity and concentration treatment factors, work suppliers and employers repeatedly seek preferred worksite partners based on continually updated expected utility, engage in efficiency-wage worksite interactions modelled as prisoner's dilemma games, and evolve their worksite behaviors over time. The main finding is that job capacity consistently trumps...
Tipo: Working or Discussion Paper Palavras-chave: Labor market dynamics; Market power; Job capacity; Job concentration; Adaptive search; Networks; Endogenous interactions; Agent-based computational economics; Evolutionary game; Labor and Human Capital.
Ano: 1999 URL: http://purl.umn.edu/18197
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