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Statements

Subject Item
n2:RIV%2F00216224%3A14560%2F06%3A00015974%21RIV11-GA0-14560___
rdf:type
skos:Concept n17:Vysledek
dcterms:description
Traditional approaches for testing and describing of hysteresis hypothesis are based on unit root tests and on various specifications of the Phillips curve. From this point of view, suggestions about roots of hysteresis phenomenon are related mainly to the process of a wage setting within the frame of the Insider-Outsider model. In this contribution, a little more general wage bargaining model is presented. From the theoretical point of view, we are able to decide whether hysteresis effect is the rule rather than the exception. Using macroeconomic data of the Czech Republic, parameters of this model are estimated and compared with empirical results within the framework of traditional approaches. Conclusions about the patterns of Czech unemployment are made. Traditional approaches for testing and describing of hysteresis hypothesis are based on unit root tests and on various specifications of the Phillips curve. From this point of view, suggestions about roots of hysteresis phenomenon are related mainly to the process of a wage setting within the frame of the Insider-Outsider model. In this contribution, a little more general wage bargaining model is presented. From the theoretical point of view, we are able to decide whether hysteresis effect is the rule rather than the exception. Using macroeconomic data of the Czech Republic, parameters of this model are estimated and compared with empirical results within the framework of traditional approaches. Conclusions about the patterns of Czech unemployment are made.
dcterms:title
Testing of Hysteresis in Unemployment Testing of Hysteresis in Unemployment
skos:prefLabel
Testing of Hysteresis in Unemployment Testing of Hysteresis in Unemployment
skos:notation
RIV/00216224:14560/06:00015974!RIV11-GA0-14560___
n3:aktivita
n21:P
n3:aktivity
P(GA402/05/2172)
n3:dodaniDat
n4:2011
n3:domaciTvurceVysledku
n8:3573648 n8:1306251
n3:druhVysledku
n5:D
n3:duvernostUdaju
n14:S
n3:entitaPredkladatele
n13:predkladatel
n3:idSjednocenehoVysledku
503561
n3:idVysledku
RIV/00216224:14560/06:00015974
n3:jazykVysledku
n10:eng
n3:klicovaSlova
hysteresis; unemployment; Phillips curve; wage bargaining model
n3:klicoveSlovo
n7:Phillips%20curve n7:unemployment n7:hysteresis n7:wage%20bargaining%20model
n3:kontrolniKodProRIV
[B4FE0039813C]
n3:mistoKonaniAkce
Plzeň
n3:mistoVydani
Plzeň
n3:nazevZdroje
Proceedings of the 24th International Conference Mathematical Methods in Economics 2006.
n3:obor
n19:AH
n3:pocetDomacichTvurcuVysledku
2
n3:pocetTvurcuVysledku
2
n3:projekt
n15:GA402%2F05%2F2172
n3:rokUplatneniVysledku
n4:2006
n3:tvurceVysledku
Němec, Daniel Moravanský, Dalibor
n3:typAkce
n6:WRD
n3:wos
000262064700046
n3:zahajeniAkce
2006-01-01+01:00
s:numberOfPages
7
n9:hasPublisher
Západočeská univerzita v Plzni
n20:isbn
978-80-7043-480-2
n12:organizacniJednotka
14560