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Description
  • This contribution reveals some important structural properties of the Czech labour market in the last fifteen years and evaluates possible changes within this period. A small search and matching model incorporated into standard macroeconomic dynamic stochastic general equilibrium model is estimated using Bayesian techniques. The results show that search and matching aspect provides satisfactory description of employment flows in the Czech economy. Model estimates provide convincing evidence that wage bargaining process is determined mainly by the power of the unions and that the institutional changes of the Czech labour market in the last fifteen years had only little real impact on the matching effectiveness.
  • This contribution reveals some important structural properties of the Czech labour market in the last fifteen years and evaluates possible changes within this period. A small search and matching model incorporated into standard macroeconomic dynamic stochastic general equilibrium model is estimated using Bayesian techniques. The results show that search and matching aspect provides satisfactory description of employment flows in the Czech economy. Model estimates provide convincing evidence that wage bargaining process is determined mainly by the power of the unions and that the institutional changes of the Czech labour market in the last fifteen years had only little real impact on the matching effectiveness. (en)
Title
  • Czech labour market through the lens of a search and matching DSGE model
  • Czech labour market through the lens of a search and matching DSGE model (en)
skos:prefLabel
  • Czech labour market through the lens of a search and matching DSGE model
  • Czech labour market through the lens of a search and matching DSGE model (en)
skos:notation
  • RIV/00216224:14560/11:00053211!RIV12-MSM-14560___
http://linked.open...avai/riv/aktivita
http://linked.open...avai/riv/aktivity
  • P(1M0524)
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
  • 192673
http://linked.open...ai/riv/idVysledku
  • RIV/00216224:14560/11:00053211
http://linked.open...riv/jazykVysledku
http://linked.open.../riv/klicovaSlova
  • search and matching model; Bayesian estimation; DSGE model; structural changes (en)
http://linked.open.../riv/klicoveSlovo
http://linked.open...ontrolniKodProRIV
  • [BEF20394ADBC]
http://linked.open...v/mistoKonaniAkce
  • Jánská Dolina
http://linked.open...i/riv/mistoVydani
  • Praha
http://linked.open...i/riv/nazevZdroje
  • Proceedings of the 29th International Conference on Mathematical Methods in Economics 2011
http://linked.open...in/vavai/riv/obor
http://linked.open...ichTvurcuVysledku
http://linked.open...cetTvurcuVysledku
http://linked.open...vavai/riv/projekt
http://linked.open...UplatneniVysledku
http://linked.open...iv/tvurceVysledku
  • Němec, Daniel
http://linked.open...vavai/riv/typAkce
http://linked.open.../riv/zahajeniAkce
number of pages
http://purl.org/ne...btex#hasPublisher
  • Professional Publishing
https://schema.org/isbn
  • 978-80-7431-058-4
http://localhost/t...ganizacniJednotka
  • 14560
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