Efficiency of the Czech Labour Market: Do Institutions Matter?

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Efficiency of the Czech Labour Market: Do Institutions Matter?

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Efficiency of the Czech Labour Market: Do Institutions Matter?

Popis výsledku anglicky

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.

Druh

C - Kapitola v odborné knize

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2024

Kód důvěrnosti údajů

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

Název knihy nebo sborníku

Modeling Economic Growth in Contemporary Czechia

ISBN

978-1-83753-841-6

Počet stran výsledku

16

Strana od-do

183-198

Počet stran knihy

322

Název nakladatele

Emerald Group Publishing Ltd.

Místo vydání

Bingley

Kód UT WoS kapitoly

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