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  • This paper deals with relationship of labor-market institutions and cyclical unemployment described by unemployment gap. Results obtained from unbalanced panel regression for OECD countries in period 1990--2012 brings an evidence that there indeed is a relationship between institutional settings of labor markets and the amplitude of cyclical unemployment. Where the effects of institutional setting vary in dependence on the phase of the business-cycle. If the output is below the trend the more protective institutions mostly tend to reduce the amplitude. In the opposite case -- i.e. if the output is higher than trend -- the effect of institutions is mixed.
  • This paper deals with relationship of labor-market institutions and cyclical unemployment described by unemployment gap. Results obtained from unbalanced panel regression for OECD countries in period 1990--2012 brings an evidence that there indeed is a relationship between institutional settings of labor markets and the amplitude of cyclical unemployment. Where the effects of institutional setting vary in dependence on the phase of the business-cycle. If the output is below the trend the more protective institutions mostly tend to reduce the amplitude. In the opposite case -- i.e. if the output is higher than trend -- the effect of institutions is mixed. (en)
Title
  • Cyclical unemployment behavior and labor markets institutions
  • Cyclical unemployment behavior and labor markets institutions (en)
skos:prefLabel
  • Cyclical unemployment behavior and labor markets institutions
  • Cyclical unemployment behavior and labor markets institutions (en)
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  • RIV/00216224:14560/13:00069557!RIV14-MSM-14560___
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  • S
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  • 67615
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  • RIV/00216224:14560/13:00069557
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  • cyclical unemployment; institutions; OECD countries (en)
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  • [FF0D1B1636F9]
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  • Jihlava
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  • Jihlava
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  • Proceedings of the 31st International Conference Mathematical Methods in Economics 2013
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  • Mikula, Štěpán
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  • College of Polytechnics Jihlava
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  • 9788087035764
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  • 14560
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