Czech labour market through the lens of a search and matching DSGE model

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F11%3A00053211" target="_blank" >RIV/00216224:14560/11:00053211 - 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
Czech labour market through the lens of a search and matching DSGE model
Original language description
This contribution reveals some important structural properties of the Czech labour market in the last fifteen years and evaluates possible changes within this period. A small search and matching model incorporated into standard macroeconomic dynamic stochastic general equilibrium model is estimated using Bayesian techniques. The results show that search and matching aspect provides satisfactory description of employment flows in the Czech economy. Model estimates provide convincing evidence that wage bargaining process is determined mainly by the power of the unions and that the institutional changes of the Czech labour market in the last fifteen years had only little real impact on the matching effectiveness.
Czech name
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Czech description
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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)

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

Article name in the collection
Proceedings of the 29th International Conference on Mathematical Methods in Economics 2011
ISBN
978-80-7431-058-4
ISSN
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e-ISSN
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Number of pages
7
Pages from-to
504-510
Publisher name
Professional Publishing
Place of publication
Praha
Event location
Jánská Dolina
Event date
Jan 1, 2011
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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