The persistence of job security in reforming socialist economies

Datos Bibliográficos

ID11601569
AutoresMilan Vodopivec (World Bank, autor de correspondencia)
Año1991
Volumen43
Número6
Páginas1011-1025
Fecha de publicación1991-01-01
Open AccessNo
TipoBOOK
RevistaSoviet Studies (JOURNAL)
Identificadores de la revistaISSN: 0038-5859
EditorialRoutledge (PUBLISHER • GB)
DOI10.1080/09668139108411980
OpenAlexW2033119648
IdiomaEN
Citas recibidas2
Referencias citadas9

The quest for efficiency underlies the reform efforts of the socialist economies, but job security and overemployment (redundant jobs) still characterize these economies. The author argues that reforming socialist economies have maintained job security not through planning but mainly through a complicated bargaining among coalitions that results in a massive redistribution. This redistribution amounts to a bailing out of the ailing or less productive firms and workers at the expense of the more productive firms and workers and of the household sector as a whole. The author substantiates his argument with an empirical analysis of the redistribution associated with the soft budget constraint in Yugoslavia in the 1970s and 1980s. He shows that redistribution is the outcome of a confrontation among coalitions and explains its compensatory nature

Argument (complex analysis · Budget constraint · Economic system · Economics · Job security · Labour economics · Market economy · Microeconomics · Political science · Politics · Redistribution (election · Socialist economics · Work (physics · Post-Communist Economic and Political Transition · Russia and Soviet political economy · Social Policy and Reform Studies