Goulash Labour Market Structural Reforms. Hungary, 1986-2016
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Date
2020
Publication Type
Book Chapter
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yes
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Abstract
This chapter investigates structural labour market reforms in Hungary from 1986 to 2016, a period encompassing the fall of communism, EU accession in 2004 and the global financial crisis. Using the narrative approach, we identify three main labour reforms: in 1992 and 2002 aimed at increasing and in 2012 aimed at decreasing employment protection. We study their effects using a unique data set of about 6 million Hungarian wage earners. We find that (1) the skill premium almost doubled from 6.4 per cent in 1986 to 12.3 per cent in 2016, but peaking in 2004; (2) the gender wage gap decreased to a third with the difference in log wages declining from 0.31 in 1986 to 0.13 in 2004, with no changes thereafter; and (3) gender discrimination practically halved as the unexplained component from the Oaxaca decomposition of the difference in log wages decreased from 0.27 in 1989 to 0.15 after 2004.
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published
Book title
Economic Growth and Structural Reforms in Europe
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Pages / Article No.
407 - 433
Publisher
Cambridge University Press
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Subject
labour markets; Hungary; structural reforms; skills; gender