The Ages of Economic Transition: IMF Working Paper

New firms in transition economies seem to have a strong preference for young workers, which may put older generations at a disadvantage as the private sector expands. In a recent IMF study, Svend E. Hougaard Jensen (Director of Research at the Centre for Economic and Business Research), Tobias Rasmussen (Economist, IMF European II Department), and Thomas Rutherford (Professor at the University of Colorado) explored the relationship between the rapid growth of enterprises in the former Soviet bloc countries and age-dependent changes in the distribution of income.