Wage Structure in the Transition of the Czech Economy

Author/Editor:

Robert J. Flanagan

Publication Date:

March 1, 1995

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

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.

Series:

Working Paper No. 95/36

Subject:

English

Publication Date:

March 1, 1995

ISBN/ISSN:

9781451977998/1018-5941

Stock No:

WPIEA0361995

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

24

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