Effects of labor reallocation on productivity and inequality—insights from studies on transition

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985998%3A_____%2F17%3A00475588" target="_blank" >RIV/67985998:_____/17:00475588 - isvavai.cz</a>

Result on the web

<a href="http://dx.doi.org/10.1111/joes.12167" target="_blank" >http://dx.doi.org/10.1111/joes.12167</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1111/joes.12167" target="_blank" >10.1111/joes.12167</a>

Result language

angličtina

Original language name

Effects of labor reallocation on productivity and inequality—insights from studies on transition

Original language description

From a theoretical perspective, the link between the speed and scope of rapid labor reallocation and productivity growth or income inequality is ambiguous. Do reallocations with more flows tend to produce higher productivity growth? Does such a link appear at the expense of higher income inequality? We explore the rich evidence from earlier studies on worker flows in the period of massive and rapid labor reallocation, that is, the economic transition from a centrally planned to a market-oriented economy in CEE. We have collected over 450 estimates of job flows from the literature and used these inputs to estimate the short-run and long-run relationship between labor market flows, labor productivity, and income inequality. We apply the tools typical for a metaanalysis to verify the empirical regularities between labor flows and productivity growth as well as income inequality. Our findings suggest only weak and short-term links with productivity, driven predominantly by business cycles. However, data reveal a strong pattern for income inequality in the short run—more churning during reallocation is associated with a level effect toward increased Gini indices.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

—

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2017

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Journal of Economic Surveys

ISSN

0950-0804

e-ISSN

—

Volume of the periodical

31

Issue of the periodical within the volume

3

Country of publishing house

GB - UNITED KINGDOM

Number of pages

21

Pages from-to

712-732

UT code for WoS article

000403273100003

EID of the result in the Scopus database

2-s2.0-84973912604