Evaluating labour market flexibility in V4 countries

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Evaluating labour market flexibility in V4 countries

Popis výsledku v původním jazyce

This contribution focuses on evaluation of labour market flexibility in the V4 countries. These countries have similar historical destiny but the economic transition led to new labour market institutions. Labour market outcomes are thus quite different in the last decades. Using a small closed DSGE model with search and matching frictions, the main structural labour market differences among these countries are revealed. These differences are related to the changes in separation rates, matching efficiency, match elasticity of unemployed and the bargaining power of the workers. The models are identified using Bayesian techniques. Comparing the moments of simulated data, we can conclude that the estimated models are able to replicate the main statisticalproperties of the observed data. The labour market in Hungary seems to be the most flexible regarding the labour market dynamics in the light of the nascent economic recovery.

Název v anglickém jazyce

Evaluating labour market flexibility in V4 countries

Popis výsledku anglicky

This contribution focuses on evaluation of labour market flexibility in the V4 countries. These countries have similar historical destiny but the economic transition led to new labour market institutions. Labour market outcomes are thus quite different in the last decades. Using a small closed DSGE model with search and matching frictions, the main structural labour market differences among these countries are revealed. These differences are related to the changes in separation rates, matching efficiency, match elasticity of unemployed and the bargaining power of the workers. The models are identified using Bayesian techniques. Comparing the moments of simulated data, we can conclude that the estimated models are able to replicate the main statisticalproperties of the observed data. The labour market in Hungary seems to be the most flexible regarding the labour market dynamics in the light of the nascent economic recovery.

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

2013

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of the 31st International Conference Mathematical Methods in Economics 2013

ISBN

9788087035764

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

661-666

Název nakladatele

College of Polytechnics Jihlava

Místo vydání

Jihlava

Místo konání akce

Jihlava

Datum konání akce

11. 9. 2013

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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