Describes an econometric modeling of the labor market for teachers in an "administered" market setting in which the government partially controls the main determinants of demand and is very influential in setting teachers' wages. Reviews relevant econometric literature and shows market forces' crucial role. Discusses economic policy…

Addresses critical and extensively debated human resource issues involved with Hungary's transition to a market economy. Summarizes key problems, including educational system rigidity versus labor market flexibility and lack of feedback between growing unemployment and school system transformation. Highlights some proposed solutions consistent…