Investigating differences between the Czech and Slovak labour market
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F12%3A00060109" target="_blank" >RIV/00216224:14560/12:00060109 - isvavai.cz</a>
Result on the web
<a href="http://www.fhi.sk/files/katedry/kove/ssov/VKOXVI/Zbornik2012.pdf" target="_blank" >http://www.fhi.sk/files/katedry/kove/ssov/VKOXVI/Zbornik2012.pdf</a>
DOI - Digital Object Identifier
—
Alternative languages
Result language
angličtina
Original language name
Investigating differences between the Czech and Slovak labour market
Original language description
This contribution reveals some structural properties and differences of the Czech and Slovak labour markets. A small search and matching model incorporated into standard DSGE model is estimated using Bayesian techniques. Two sources of rigidities were implemented: wage bargaining mechanism and "search and matching" process matching workers and firms. The results show that search and matching aspect provides satisfactory description of employment flows in both economies. Model estimates provide interesting evidence that wage bargaining process is determined mainly by the power of the firms. These results support the view of flexible wage environment in both economies. On the other hand, the firms are confronted by the increasing vacancy posting costs that limit vacancies creation. Relative low separation rate provides evidence of reduced mobility of the workers.
Czech name
—
Czech description
—
Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
—
Result continuities
Project
—
Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2012
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of the International Scientific Conference Quantitative Methods in Economics (Multiple Criteria Decision Making XVI)
ISBN
9788022534260
ISSN
—
e-ISSN
—
Number of pages
5
Pages from-to
161-165
Publisher name
Vydavateľstvo EKONÓM
Place of publication
Bratislava
Event location
Bratislava
Event date
May 30, 2012
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000307520000026