Labour Costs before Covid

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F45773009%3A_____%2F21%3AN0000052" target="_blank" >RIV/45773009:_____/21:N0000052 - isvavai.cz</a>
Result on the web
<a href="https://katalog.vupsv.cz/fulltext/sig_6802.pdf" target="_blank" >https://katalog.vupsv.cz/fulltext/sig_6802.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Labour Costs before Covid
Original language description
Labour costs comprise one of the basic indicators of labour market competitiveness and can be monitored with recpect to three aspects: labour costs, share of labour costs and unit labour costs. 2008 saw the beginning of a major financial crisis, to which individual national economies reacted in different ways and, especially, over different time horizons. The crisis was followed by several years of economic expansion. In 2020, the world economy was impacted by a new external shock in the form of a disease thet became known as Covid-19. However, the avaibility of the data needed to calculate the various labour indicators is subject to a two-year delay. Hence, on one knows what in fact happened to these labour indicators in 2020. The article provides an analysis of this issue at two levels, the first of which presents a forecast of labour cost indicators for European Union countries in terms of their probable development had no external shock occurred; the accuracy of this forecast and the impact of Covid-19 will be determined only at the end of 2022. The second level considers the convergence of European Union countries concerning labour costs in 2008-2019; cluster analysis is used to determine similarities and differences. The various EU countries are renked in subsets of mutual real competitors.
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Economic and Societal Challenges of the European Economy (COVID and Post-COVID Period)
ISBN
978-80-7510-488-5
ISSN
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e-ISSN
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Number of pages
14
Pages from-to
1-14
Publisher name
Silesian University
Place of publication
Karviná
Event location
Petrovice u Karviné
Event date
Sep 15, 2021
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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