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@article{1305692,
author = {Němec, Daniel},
article_number = {2},
doi = {http://dx.doi.org/10.1515/revecp-2015-0017},
keywords = {Matching efficiency; Matching function; Regional labour market; Stochastic frontier model; Panel Data; Czech Republic},
language = {eng},
issn = {1213-2446},
journal = {Review of Economic Perspectives - Národohospodářský obzor},
title = {Measuring Inefficiency of the Czech Labour Market},
url = {http://nho.econ.muni.cz/15-2015/2-2015/measuring-inefficiency-czech-labour-market},
volume = {15},
year = {2015}
}
TY - JOUR
ID - 1305692
AU - Němec, Daniel
PY - 2015
TI - Measuring Inefficiency of the Czech Labour Market
JF - Review of Economic Perspectives - Národohospodářský obzor
VL - 15
IS - 2
SP - 197-220
EP - 197-220
PB - Masarykova univerzita
SN - 12132446
KW - Matching efficiency
KW - Matching function
KW - Regional labour market
KW - Stochastic frontier model
KW - Panel Data
KW - Czech Republic
UR - http://nho.econ.muni.cz/15-2015/2-2015/measuring-inefficiency-czech-labour-market
L2 - http://nho.econ.muni.cz/15-2015/2-2015/measuring-inefficiency-czech-labour-market
N2 - This paper aims to quantify the performance of the Czech regional labour markets and to reveal the most influential economic factors standing behindits dynamics in the last fifteen years. Investigated labour markets are described using matching function approach. The successful matches are treated as an output of production process, where the unemployed are paired with vacancies. Efficiency of this matching process plays an important role in determining unemployment outflows. Using stochastic frontier model approach, dynamics of quantified efficiency terms is revealed and differences among regions are evaluated. The model specification includes a fixed effect term, where individual effect terms and inefficiency terms are estimated jointly. The stochastic frontier is estimated using monthly and quarterly regional panel data of 77 districts for the period 1999-2014. Matching efficiency of the Czech regional labour markets is negatively influenced by people who have been unemployed for a long time and by the unemployed aged over 50 years. Although all districts were able to operate at their stochastic fron-tiers of matching, an upward trend in the inefficiency has been found within the investigated period. These tendencies are accompanied by rising disparities among the regions. Low levels of estimated matching inefficiency do not necessary mean the low unemployment in the corresponding districts.
ER -
NĚMEC, Daniel. Measuring Inefficiency of the Czech Labour Market. \textit{Review of Economic Perspectives - Národohospodářský obzor}. Masarykova univerzita, 2015, vol.~15, No~2, p.~197-220. ISSN~1213-2446. Available from: https://dx.doi.org/10.1515/revecp-2015-0017.
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