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Economic Transition, Entrepreneurial Capacity, and Intergenerational Distribution, Thomas Rutherford, Svend Jensen, Tobias Rasmussen

Label
Economic Transition, Entrepreneurial Capacity, and Intergenerational Distribution, Thomas Rutherford, Svend Jensen, Tobias Rasmussen
Language
eng
Abstract
A defining feature of transition economies is the expansion of the private sector. Motivated by the observation that new enterprises in transition economies seem to have a strong preference for recruiting young people, this paper studies intergenerational redistribution following from market reforms that stimulate private sector activity and firm creation. We implement a theoretical model and find that in some cases more than half of the current working age population may be made worse off by an increase in entrepreneurial capacity. This may help explain why market reforms have been voted down despite their long-run benefits
resource.governmentPublication
international or intergovernmental publication
Literary Form
non fiction
Main title
Economic Transition, Entrepreneurial Capacity, and Intergenerational Distribution
Nature of contents
dictionaries
Responsibility statement
Thomas Rutherford, Svend Jensen, Tobias Rasmussen
Series statement
IMF Working Papers
Content
Other version