Labour Market Flexibility in Estonia: What More Can Be Done?
dc.contributor.author | Brixiova, Zuzana | en_US |
dc.date.accessioned | 2009-11-17T17:01:20Z | |
dc.date.available | 2009-11-17T17:01:20Z | |
dc.date.issued | 2009-07-01 | en_US |
dc.identifier.other | RePEc:wdi:papers:2009-964 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/64375 | en_US |
dc.description.abstract | In mid-2008, high employment and low unemployment rates characterised the Estonian labour market in comparison with the average of the EU15 countries. While aggregate outcomes improved during 2000 07, large inequalities persisted across regions, ethnic groups, and workers with different skill levels. As Estonia entered recession in 2008, the unemployment rate almost doubled between the 2nd and the 4th quarter, and is expected to rise further in 2009 and 2010. More flexible labour markets will be a key adjustment mechanism during the recession as well as in the medium term if Estonia is to become a knowledge based economy. Given the currency board arrangement and low synchronisation with the euro area, flexibility is also needed to cushion asymmetric shocks. In December 2008, parliament adopted the new Employment Contract Act, deregulating employment protection while increasing income security of the unemployed. This paper discusses options for removing the remaining barriers that impede worker reallocation across jobs, sectors, and regions into more productive activities. | en_US |
dc.format.extent | 301698 bytes | |
dc.format.extent | 1802 bytes | |
dc.format.mimetype | application/pdf | |
dc.format.mimetype | text/plain | |
dc.relation.ispartofseries | wp964 | en_US |
dc.subject | Labour Market Policies; Flexibility; Estonia. | en_US |
dc.subject.other | J08, J64, E24. | en_US |
dc.title | Labour Market Flexibility in Estonia: What More Can Be Done? | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.contributor.affiliationum | William Davidson Institute | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/64375/1/wp964.pdf | |
dc.contributor.authoremail | zbrixiova@unyp.cz | en_US |
dc.owningcollname | William Davidson Institute (WDI) - Working Papers |
Files in this item
Remediation of Harmful Language
The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.
Accessibility
If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.