Are Transition Economy Workers Underpaid?
Vera A. Adamchik
University of Houston - Victoria - School of Business Administration
Josef C. Brada
Arizona State University (ASU) - Economics Department
Arthur E. King
affiliation not provided to SSRN
December 1, 2009
Osteuropa-Institut Regensburg Wirtschaftswissenschaftliche Abteilung Working Paper No. 278 Dezember 2009
We examine the extent to which workers in transition and developed market economies are able to obtain wages that fully reflect their skills and labor force characteristics. We find that workers in two transition economies, the Czech Republic and Poland, are able to better attain the maximum wage available than are workers in a sample of developed market economies. This greater wage-setting efficiency in the transition economies ap-pears to be more the result of social and demographic characteristics of the labor force than of the mechanisms for setting wages or of labor market policies.
Number of Pages in PDF File: 31
Keywords: labor markets, wage inefficiency, job search, stochastic frontier, economic transition
JEL Classification: J31, P23working papers series
Date posted: December 8, 2010
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