Transition Recession and Labour Supply

Exploring the relationship between the recession and labour supply in Kazakhstan during the 1990s, this volume develops a model of the transitional process in the context of the CIS. It departs from conventioanl economic modesl explaining the model of transition, transferring the focus of attention from labour demand to labour supply with a view to clarifying how the transitional recession has affected households and, in turn, how these changes modified the supply of labour. Paolo Verme examines how the dynamic of the realloction of labour between state and private enterprises has been drastically altered by the growth of self-employment and also takes a much-needed look at the contribution of other factors, offering an original explanation of this most important economic phenomenon.