Investigating Differences Between the Czech and Slovak Labour
Market Using a Small DSGE Model with Search and Matching
Frictions

J 2013

Investigating Differences Between the Czech and Slovak Labour Market Using a Small DSGE Model with Search and Matching Frictions

NĚMEC, Daniel

Základní údaje

Originální název

Investigating Differences Between the Czech and Slovak Labour Market Using a Small DSGE Model with Search and Matching Frictions

Autoři

NĚMEC, Daniel

Vydání

The Czech Economic Review, Praha, 2013, 1802-4696

Další údaje

Jazyk

angličtina

Typ výsledku

Článek v odborném periodiku

Obor

50200 5.2 Economics and Business

Stát vydavatele

Česká republika

Utajení

není předmětem státního či obchodního tajemství

Odkazy

URL

Označené pro přenos do RIV

Ano

Kód RIV

RIV/00216224:14560/13:00067841

Organizační jednotka

Ekonomicko-správní fakulta

Klíčová slova anglicky

search and matching model; closed DSGE model; bayesian estimation; labour market flexibility

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 1. 11. 2013 19:42, doc. Ing. Daniel Němec, Ph.D.

Anotace

V originále

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 "search and matching" 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.

Návaznosti

MUNI/A/0784/2012, interní kód MU

Název: ANALÝZA VÝVOJE EKONOMIKY A HOSPODÁŘSKÉ POLITIKY V OBDOBÍ DOZNÍVAJÍCÍ GLOBÁLNÍ KRIZE: DSGE modely malých otevřených ekonomik s finančními frikcemi a frikcemi trhu práce (Akronym: Analýza vývoje ekonomiky a hospodářské politiky)

Investor: Masarykova univerzita, ANALÝZA VÝVOJE EKONOMIKY A HOSPODÁŘSKÉ POLITIKY V OBDOBÍ DOZNÍVAJÍCÍ GLOBÁLNÍ KRIZE: DSGE modely malých otevřených ekonomik s finančními frikcemi a frikcemi trhu práce, DO R. 2020_Kategorie A - Specifický výzkum - Studentské výzkumné projekty

Citovat

NĚMEC, Daniel. Investigating Differences Between the Czech and Slovak Labour Market Using a Small DSGE Model with Search and Matching Frictions. The Czech Economic Review. Praha, 2013, roč. 7, č. 1, s. 21-41. ISSN 1802-4696.

@article{1089774,
   author = {Němec, Daniel},
   article_location = {Praha},
   article_number = {1},
   keywords = {search and matching model; closed DSGE model; bayesian estimation; labour market flexibility},
   language = {eng},
   issn = {1802-4696},
   journal = {The Czech Economic Review},
   title = {Investigating Differences Between the Czech and Slovak Labour Market Using a Small DSGE Model with Search and Matching Frictions},
   url = {http://auco.cuni.cz/mag/article/show/id/141},
   volume = {7},
   year = {2013}
}

TY  - JOUR
ID  - 1089774
AU  - Němec, Daniel
PY  - 2013
TI  - Investigating Differences Between the Czech and Slovak Labour Market Using a Small DSGE Model with Search and Matching Frictions
JF  - The Czech Economic Review
VL  - 7
IS  - 1
SP  - 21-41
EP  - 21-41
SN  - 18024696
KW  - search and matching model
KW  - closed DSGE model
KW  - bayesian estimation
KW  - labour market flexibility
UR  - http://auco.cuni.cz/mag/article/show/id/141
L2  - http://auco.cuni.cz/mag/article/show/id/141
N2  - 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 "search and matching" 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.
ER  -

NĚMEC, Daniel. Investigating Differences Between the Czech and Slovak Labour Market Using a Small DSGE Model with Search and Matching Frictions. \textit{The Czech Economic Review}. Praha, 2013, roč.~7, č.~1, s.~21-41. ISSN~1802-4696.

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