Efficiency of the Czech Labour Market: Do Institutions Matter?
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F24%3A43925019" target="_blank" >RIV/62156489:43110/24:43925019 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.1108/978-1-83753-840-920241012" target="_blank" >https://doi.org/10.1108/978-1-83753-840-920241012</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1108/978-1-83753-840-920241012" target="_blank" >10.1108/978-1-83753-840-920241012</a>
Alternative languages
Result language
angličtina
Original language name
Efficiency of the Czech Labour Market: Do Institutions Matter?
Original language description
The efficient functioning of the labour market is an important factor that affects long-term economic growth. The interaction of supply and demand on the labour market is influenced by institutions which change the motivations and behaviour of economic actors and, ultimately, the flexibility of the labour market. There is no consensus in the literature on the effect these institutions have on labour market outcomes. This chapter focuses on a set of selective labour market institutions (employment protection legislation, minimum wages, unemployment benefits, labour taxation, trade unions and active labour market policies), compares their relevance to other European Union (EU) countries and through the lens of the Beveridge curve it tries to evaluate their impact on effectiveness of the Czech labour market. The international comparison shows that most of the considered institutions/regulations do not reach such importance (except employment protection legislation) and that they have a significant negative effect on labour market outcomes. Even the model of the Beveridge curve does not indicate that the Czech labour market is characterised by rigidities that would impair the effectiveness of a matching process at the aggregate level.
Czech name
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Czech description
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Classification
Type
C - Chapter in a specialist book
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Book/collection name
Modeling Economic Growth in Contemporary Czechia
ISBN
978-1-83753-841-6
Number of pages of the result
16
Pages from-to
183-198
Number of pages of the book
322
Publisher name
Emerald Group Publishing Ltd.
Place of publication
Bingley
UT code for WoS chapter
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