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  • 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 %22search and matching%22 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.
  • 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 %22search and matching%22 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. (en)
Title
  • Investigating differences between the Czech and Slovak labour market
  • Investigating differences between the Czech and Slovak labour market (en)
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  • Investigating differences between the Czech and Slovak labour market
  • Investigating differences between the Czech and Slovak labour market (en)
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  • RIV/00216224:14560/12:00060109!RIV13-MSM-14560___
http://linked.open...avai/predkladatel
http://linked.open...avai/riv/aktivita
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  • S
http://linked.open...vai/riv/dodaniDat
http://linked.open...aciTvurceVysledku
http://linked.open.../riv/druhVysledku
http://linked.open...iv/duvernostUdaju
http://linked.open...titaPredkladatele
http://linked.open...dnocenehoVysledku
  • 142856
http://linked.open...ai/riv/idVysledku
  • RIV/00216224:14560/12:00060109
http://linked.open...riv/jazykVysledku
http://linked.open.../riv/klicovaSlova
  • search and matching model; DSGE model; wage bargaining; Bayesian estimation (en)
http://linked.open.../riv/klicoveSlovo
http://linked.open...ontrolniKodProRIV
  • [0345A5C7578F]
http://linked.open...v/mistoKonaniAkce
  • Bratislava
http://linked.open...i/riv/mistoVydani
  • Bratislava
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  • Proceedings of the International Scientific Conference Quantitative Methods in Economics (Multiple Criteria Decision Making XVI)
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http://linked.open...cetTvurcuVysledku
http://linked.open...UplatneniVysledku
http://linked.open...iv/tvurceVysledku
  • Němec, Daniel
http://linked.open...vavai/riv/typAkce
http://linked.open...ain/vavai/riv/wos
  • 000307520000026
http://linked.open.../riv/zahajeniAkce
number of pages
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  • Vydavateľstvo EKONÓM
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  • 9788022534260
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  • 14560
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