PL EN


2006 | 53 | 6 | 485-508
Article title

The waste model of decision-making in higher education

Title variants
Languages of publication
HU
Abstracts
EN
The study extends the familiar Aghion-Blanchard model to a case where delayed adjustment of wages causes firms in the emerging private sector to create jobs in various geographical and employment segments of the economy at temporarily different profit rates and therefore speeds. Assuming two sectors, the authors examine the development of employment, wages, taxes and profits up to the point of full absorption of the shock of systemic change: a far longer period than the actual transition or dismantling of the state sector. Viability depends on the pace of job destruction and the initial shock effect on employment. The temporarily viable paths are influenced at once by benefits, taxation, and any employment subsidies available. It is shown that there exists a subsidy policy leading not only to greater equality, but to higher aggregate employment and total income. The effect of subvention is strongest where job destruction is rapid and benefits are high (a transition such as Hungary's).
Year
Volume
53
Issue
6
Pages
485-508
Physical description
Document type
ARTICLE
Contributors
author
author
author
  • K. Balla, no address given, contact the journal editor,
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
07HUAAAA02986077
YADDA identifier
bwmeta1.element.51b2ec31-0440-3632-a15a-87bde51d66ca
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