Investigating differences between the Czech and Slovak labour market

Kód výsledku v 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>

Výsledek na webu

<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

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Jazyk výsledku

angličtina

Název v původním jazyce

Investigating differences between the Czech and Slovak labour market

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Investigating differences between the Czech and Slovak labour market

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2012

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Proceedings of the International Scientific Conference Quantitative Methods in Economics (Multiple Criteria Decision Making XVI)

ISBN

9788022534260

ISSN

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e-ISSN

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Počet stran výsledku

5

Strana od-do

161-165

Název nakladatele

Vydavateľstvo EKONÓM

Místo vydání

Bratislava

Místo konání akce

Bratislava

Datum konání akce

30. 5. 2012

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000307520000026