NĚMEC, Daniel. Czech labour market through the lens of a search and matching DSGE model. In Proceedings of the 29th International Conference on Mathematical Methods in Economics 2011. Praha: Professional Publishing, 2011, p. 504-510. ISBN 978-80-7431-058-4.
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Basic information
Original name Czech labour market through the lens of a search and matching DSGE model
Name in Czech Český trh práce pohledem search and matching DSGE modelu
Authors NĚMEC, Daniel (203 Czech Republic, guarantor, belonging to the institution).
Edition Praha, Proceedings of the 29th International Conference on Mathematical Methods in Economics 2011, p. 504-510, 7 pp. 2011.
Publisher Professional Publishing
Other information
Original language English
Type of outcome Proceedings paper
Field of Study Economics
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
Publication form printed version "print"
WWW URL
RIV identification code RIV/00216224:14560/11:00053211
Organization Ekonomicko-správní fakulta – Repository – Repository
ISBN 978-80-7431-058-4
UT WoS 000309074600083
Keywords (in Czech) search and matching model; bayesovský odhad; DSGE model; strukturální změny
Keywords in English search and matching model; Bayesian estimation; DSGE model; structural changes
Links 1M0524, research and development project.
Changed by Changed by: RNDr. Daniel Jakubík, učo 139797. Changed: 1/9/2020 11:39.
Abstract
This contribution reveals some important structural properties of the Czech labour market in the last fifteen years and evaluates possible changes within this period. A small search and matching model incorporated into standard macroeconomic dynamic stochastic general equilibrium model is estimated using Bayesian techniques. The results show that search and matching aspect provides satisfactory description of employment flows in the Czech economy. Model estimates provide convincing evidence that wage bargaining process is determined mainly by the power of the unions and that the institutional changes of the Czech labour market in the last fifteen years had only little real impact on the matching effectiveness.
Abstract (in Czech)
Příspěvek nalézá některé zajímavé vlastnosti českého trhu práce v posledních patnácti letech a hodnotí změny, které v tomto období na trhu práce proběhly. V příspěvku je odhadnut malý search and matching model zabudovaný do konceptu standardního makroekonomického dynamického stochastického modelu všeobecné rovnováhy. Model je odhadnut s využitím bayesovských technik. Výsledky ukazují, že search and matching přístup poskytuje dostatečný popis dynamiky zaměstnanosti v české ekonomice. Odhady modelu poskytují přesvědčivý důkaz pro tvrzení, že proces mzdového vyjednávání je ovlivněn zejména silou odborů a že institucionální změny na českém trhu práce v posledních patnácti letech měly jen malý dopad na efektivitu přiřazovaní.
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