Labor market regulation and its characteristics: Comparison of Czech Republic and Austria

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F11%3A00051694" target="_blank" >RIV/00216224:14560/11:00051694 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Labor market regulation and its characteristics: Comparison of Czech Republic and Austria
Original language description
In this paper we are trying to compare the labor market regulation in Czech Republic and Austria and its structural parameters, that characterize given labor market. In order to do that we estimate the New-Keynesian model with matching frictions and nominal wage rigidities. Labor market regulation is proxied by the worker's bargaining power over the wage. This main parameter is moving inside the interval <0,1> and it expresses a share of the total surplus, that arise of filling the vacancy. In fact it means, who gains more from the added value that the vacancy is filled (worker or employer). Results indicates, that the workers in Austria and Czech Republic have almost the same bargaining power that arise from the labor market settings.
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Project
<a href="/en/project/1M0524" target="_blank" >1M0524: Research center on competitiveness of Czech economy</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>S - Specificky vyzkum na vysokych skolach

Publication year
2011
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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