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Structural Change, Welfare Systems, and Labour Reallocation: Lessons from the Transition of Formerly Planned Economies by Tito Boeri (Hardcover, 2000)

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'Presents policy prescriptions that take into account factors of political economy as well as the state of the policy-enforcement mechanisms in these countries.' -Journal of Economic Literature 'As transition took place in Eastern Europe, the first order of business was to understand the interactions between the decline of the state sector, the growth of the private sector, and unemployment. The second was to think about the role of existing institutions, in particular labour market institutions, in shaping these evolutions. The third was to think about the best way to redesign the institutions. This remarkable book presents what we have learned at each step. It should be required reading for all those involved in understanding, guiding, and shaping transition.' - Olivier Blanchard, Massachusetts Institute of Technology 'This book provides a sharp and penetrating analysis of the interaction between labour and social policies, and illuminates the often neglected influence of education systems, and institution-building. Highly recommended reading for everyone interested in post-socialist transition, labour economics, and welfare state reform.' -Janos Kornai, Harvard University and Collegium BudapestThis book studies the interaction between labour and social policies, showing the crucial role labour plays in both the scope and the speed of transition. By including the influence of education systems, institution-building, and policy-enforcement mechanisms, this book goes beyond previous studies of the transition experience to provide a detailed analysis of the many contributing factors to the success or failure of the transition process.