Wage Structures in the Transition of the Czech Economy

24 Pages Posted: 15 Feb 2006

See all articles by Robert J. Flanagan

Robert J. Flanagan

Stanford Graduate School of Business

Date Written: March 1995

Abstract

From the perspective of market economies, central planning produced distinct distortions in the wage structures of socialist countries. This paper examines the extent to which wage structures have adjusted to remove such distortions during the economic transition using micro-data from the Czech Republic. There is strong evidence that Czech wage structures are moving toward patterns in market economies, and the change is led by developments in the private sector and retarded by the sluggish response in state enterprises. At the same time, the establishment of collective bargaining does not appear to be introducing countervailing distortions into Czech wage structures.

JEL Classification: J0, J3, J4, J5, P2, P5

Suggested Citation

Flanagan, Robert J., Wage Structures in the Transition of the Czech Economy (March 1995). IMF Working Paper No. 95/36, Available at SSRN: https://ssrn.com/abstract=883185

Robert J. Flanagan (Contact Author)

Stanford Graduate School of Business ( email )

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United States

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