About: Labor supply after transition: evidence from the Czech Republic

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Attributes	Values
rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
rdfs:seeAlso	http://journal.fsv.cuni.cz/storage/1217_str_327_347_-_slacalek.pdf
Description	We extend the scarce evidence on the labor supply in post-transition countries by estimating the wage elasticity of labor force participation in the Czech Republic. Using household income survey data, we find that a one-percent rise in the gross wage increases the probability of working by 0.16 and 0.02 percentage points for women and men, respectively. Taking into account the tax and benefit system, these semi-elasticities fall to 0.06 for women and 0.01 for men. We interpret the difference between the estimates from the two specifications as a summary measure of the welfare system disincentives. The estimated wage elasticities lie at the lower end of the range of values reported for mature market economies. This finding is consistent with the stylized fact that the labor supply in countries with high labor force participation rates, such as the Czech Republic, tends to be less sensitive to wages. We extend the scarce evidence on the labor supply in post-transition countries by estimating the wage elasticity of labor force participation in the Czech Republic. Using household income survey data, we find that a one-percent rise in the gross wage increases the probability of working by 0.16 and 0.02 percentage points for women and men, respectively. Taking into account the tax and benefit system, these semi-elasticities fall to 0.06 for women and 0.01 for men. We interpret the difference between the estimates from the two specifications as a summary measure of the welfare system disincentives. The estimated wage elasticities lie at the lower end of the range of values reported for mature market economies. This finding is consistent with the stylized fact that the labor supply in countries with high labor force participation rates, such as the Czech Republic, tends to be less sensitive to wages. (en)
Title	Labor supply after transition: evidence from the Czech Republic Labor supply after transition: evidence from the Czech Republic (en)
skos:prefLabel	Labor supply after transition: evidence from the Czech Republic Labor supply after transition: evidence from the Czech Republic (en)
skos:notation	RIV/67985998:_____/11:00363498!RIV12-AV0-67985998
http://linked.open...avai/predkladatel	Národohospodářský ústav AV ČR, v.v.i.
http://linked.open...avai/riv/aktivita	Z
http://linked.open...avai/riv/aktivity	Z(AV0Z70850503)
http://linked.open...iv/cisloPeriodika	4
http://linked.open...vai/riv/dodaniDat	2012
http://linked.open...aciTvurceVysledku	Bičáková, Alena
http://linked.open.../riv/druhVysledku	J - Článek v odborném periodiku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Národohospodářský ústav AV ČR, v. v. i.
http://linked.open...dnocenehoVysledku	208780
http://linked.open...ai/riv/idVysledku	RIV/67985998:_____/11:00363498
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	labor supply; transition; welfare system (en)
http://linked.open.../riv/klicoveSlovo	labor supply welfare system transition
http://linked.open...odStatuVydavatele	CZ - Česká republika
http://linked.open...ontrolniKodProRIV	[B170D288D809]
http://linked.open...i/riv/nazevZdroje	Finance a úvěr-Czech Journal of Economics and Finance
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	1 (xsd:int)
http://linked.open...cetTvurcuVysledku	3 (xsd:int)
http://linked.open...UplatneniVysledku	2011
http://linked.open...v/svazekPeriodika	61
http://linked.open...iv/tvurceVysledku	Bičáková, Alena Slavík, M. Slačálek, J.
http://linked.open...ain/vavai/riv/wos	000294072700002
http://linked.open...n/vavai/riv/zamer	Economic Aspects of EU and EMU Entry
issn	0015-1920
number of pages	21 (xsd:int)
is http://linked.open...avai/riv/vysledek of	Labor supply after transition: evidence from the Czech Republic Labor supply after transition: evidence from the Czech Republic

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