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Statements

Subject Item
n2:RIV%2F00216224%3A14560%2F13%3A00067841%21RIV14-MSM-14560___
rdf:type
n7:Vysledek skos:Concept
rdfs:seeAlso
http://auco.cuni.cz/mag/article/show/id/141
dcterms:description
This contribution reveals some structural properties of the Czech and Slovak labour markets. A search and matching model incorporated into a small standard DSGE model is estimated using Bayesian techniques. Two sources of rigidities are implemented: wage bargaining mechanism and %22search and matching%22 process matching workers and firms. The results show that the search and matching aspect provides satisfactory description of employment flows in both economies, and that the institutional characteristics do not differ too much in both economies. The model estimates provide interesting evidence that wage bargaining process is determined mainly by the power of firms. These results support the view of flexible wage environment in both economies. On the other hand, firms are confronted by 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 of the Czech and Slovak labour markets. A search and matching model incorporated into a small standard DSGE model is estimated using Bayesian techniques. Two sources of rigidities are implemented: wage bargaining mechanism and %22search and matching%22 process matching workers and firms. The results show that the search and matching aspect provides satisfactory description of employment flows in both economies, and that the institutional characteristics do not differ too much in both economies. The model estimates provide interesting evidence that wage bargaining process is determined mainly by the power of firms. These results support the view of flexible wage environment in both economies. On the other hand, firms are confronted by increasing vacancy posting costs that limit vacancies creation. Relative low separation rate provides evidence of reduced mobility of the workers.
dcterms:title
Investigating Differences Between the Czech and Slovak Labour Market Using a Small DSGE Model with Search and Matching Frictions Investigating Differences Between the Czech and Slovak Labour Market Using a Small DSGE Model with Search and Matching Frictions
skos:prefLabel
Investigating Differences Between the Czech and Slovak Labour Market Using a Small DSGE Model with Search and Matching Frictions Investigating Differences Between the Czech and Slovak Labour Market Using a Small DSGE Model with Search and Matching Frictions
skos:notation
RIV/00216224:14560/13:00067841!RIV14-MSM-14560___
n7:predkladatel
n12:orjk%3A14560
n4:aktivita
n13:S
n4:aktivity
S
n4:cisloPeriodika
1
n4:dodaniDat
n6:2014
n4:domaciTvurceVysledku
n14:3573648
n4:druhVysledku
n11:J
n4:duvernostUdaju
n10:S
n4:entitaPredkladatele
n17:predkladatel
n4:idSjednocenehoVysledku
81067
n4:idVysledku
RIV/00216224:14560/13:00067841
n4:jazykVysledku
n19:eng
n4:klicovaSlova
search and matching model; closed DSGE model; bayesian estimation; labour market flexibility
n4:klicoveSlovo
n5:closed%20DSGE%20model n5:labour%20market%20flexibility n5:search%20and%20matching%20model n5:bayesian%20estimation
n4:kodStatuVydavatele
CZ - Česká republika
n4:kontrolniKodProRIV
[C2E06C39532F]
n4:nazevZdroje
The Czech Economic Review
n4:obor
n15:AH
n4:pocetDomacichTvurcuVysledku
1
n4:pocetTvurcuVysledku
1
n4:rokUplatneniVysledku
n6:2013
n4:svazekPeriodika
7
n4:tvurceVysledku
Němec, Daniel
s:issn
1802-4696
s:numberOfPages
21
n18:organizacniJednotka
14560