About: Evaluating labour market flexibility in V4 countries

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rdfs:seeAlso	https://www.vspj.cz/soubory/download/id/2259
Description	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 statistical properties 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. 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 statistical properties 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. (en)
Title	Evaluating labour market flexibility in V4 countries Evaluating labour market flexibility in V4 countries (en)
skos:prefLabel	Evaluating labour market flexibility in V4 countries Evaluating labour market flexibility in V4 countries (en)
skos:notation	RIV/00216224:14560/13:00069295!RIV14-MSM-14560___
http://linked.open...avai/riv/aktivita	S
http://linked.open...avai/riv/aktivity	S
http://linked.open...vai/riv/dodaniDat	2014
http://linked.open...aciTvurceVysledku	Němec, Daniel
http://linked.open.../riv/druhVysledku	D - Článek ve sborníku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Masarykova univerzita / Ekonomicko-správní fakulta
http://linked.open...dnocenehoVysledku	73517
http://linked.open...ai/riv/idVysledku	RIV/00216224:14560/13:00069295
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	search and matching model; Bayesian estimation; DSGE model; labour market flexibility; V4 countries (en)
http://linked.open.../riv/klicoveSlovo	Bayesian estimation labour market flexibility V4 countries search and matching model DSGE model
http://linked.open...ontrolniKodProRIV	[B67FE8BF6C66]
http://linked.open...v/mistoKonaniAkce	Jihlava
http://linked.open...i/riv/mistoVydani	Jihlava
http://linked.open...i/riv/nazevZdroje	Proceedings of the 31st International Conference Mathematical Methods in Economics 2013
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	1 (xsd:int)
http://linked.open...cetTvurcuVysledku	1 (xsd:int)
http://linked.open...UplatneniVysledku	2013
http://linked.open...iv/tvurceVysledku	Němec, Daniel
http://linked.open...vavai/riv/typAkce	WRD - Světová
http://linked.open.../riv/zahajeniAkce	2013-09-11 (xsd:date)
number of pages	6 (xsd:int)
http://purl.org/ne...btex#hasPublisher	College of Polytechnics Jihlava
https://schema.org/isbn	9788087035764
http://localhost/t...ganizacniJednotka	14560

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