Human capital, market imperfections and labor reallocation in transition
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In this paper, we investigate the effects of human capital and factor market imperfections on household decisions regarding labor use and reallocation in transition countries. We develop a model that accounts explicitly for heterogeneity in the supply of labor and analyze its impact on the allocation of labor. Furthermore, the effects of imperfections in the capital and labor markets on the reallocation process are modeled. Using a dataset based on a countrywide representative survey of Hungarian rural households, we estimate the effects empirically and find them to be important.
|Research Areas:||A. Middlesex University Schools and Centres > Business School > Economics|
|Citations on ISI Web of Science:||13|
|Deposited On:||02 Dec 2008 14:39|
|Last Modified:||24 Nov 2014 14:00|
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