European Labor Markets: The Eastern Dimension
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Description
The end of the cold war and the sweeping political and economic changes in central and eastern Europe have fundamentally changed the relationship of the European Community (EC) to its international neighbors. One economic segment of the EC that has been sensitive to these events and is likely to remain so is the labor market. The severe political and economic disturbances in the reforming central and eastern Europe countries are having immediate and profound effects on their domestic labor markets. These changes are likely to exert additional supply pressures on the European labor market, especially as the prospects of eventual enlargement of the European Community to include its eastern neighbors come closer to reality. The overall outlook for the EC need not be gloomy, however. It is possible that access to a new source of relatively well educated and highly skilled labor can lead to higher productivity and a higher GDP for EC member countries. This chapter is organized as follows. The first section puts post-1989 east-west European integration into perspective. The next sections begins the analysis of central and eastern European labor markets by concentrating on the effects of the economic reforms. The following section examines the consequences of changes in the labor markets in central and eastern Europe for EC markets.
Source Publication
Labor and an Integrated Europe
Source Editors/Authors
Lloyd Ulman, Barry Eichengreen, William T. Dickens
Publication Date
1993
Recommended Citation
Sohinger, Jasminka and Rubinfeld, Daniel L., "European Labor Markets: The Eastern Dimension" (1993). Faculty Chapters. 1861.
https://gretchen.law.nyu.edu/fac-chapt/1861
