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From transition crisis to the global crisis: twenty years of capitalism and labour in the Central and Eastern EU new member states

From transition crisis to the global crisis: twenty years of capitalism and labour in the Central and Eastern EU new member states

Onaran, Özlem (2011) From transition crisis to the global crisis: twenty years of capitalism and labour in the Central and Eastern EU new member states. Capital & Class, 35 (2). pp. 213-231. ISSN 0309-8168 (Print), 2041-0980 (Online) (doi:10.1177/0309816811402648)

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Abstract

This paper analyses the developments in wages, employment and income distribution in the Central and Eastern European new member states twenty years after transition to capitalism, divided into three periods: 1) the transition crisis; 2) post-transition growth; and 3) the crisis episode of 2008-9. Total employment has at best stagnated or slightly decreased. Modest wage increases have fallen behind productivity increases. Furthermore, the global crisis has led to employment losses in all countries, and real wages have already started to decrease in several countries.

Item Type: Article
Additional Information: [1] Capital & Class is published in Association with Conference of Socialist Economists.
Uncontrolled Keywords: Central and Eastern Europe, wage, employment, wage share, crisis
Subjects: H Social Sciences > HB Economic Theory
J Political Science > JN Political institutions (Europe)
Faculty / Department / Research Group: Faculty of Business
Related URLs:
Last Modified: 14 Oct 2016 09:22
URI: http://gala.gre.ac.uk/id/eprint/9008

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