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@inproceedings{15681,
author = {Němec, Daniel},
address = {Bratislava},
booktitle = {Proceedings of the International Scientific Conference Quantitative Methods in Economics (Multiple Criteria Decision Making XVI)},
keywords = {search and matching model; DSGE model; wage bargaining; Bayesian estimation},
howpublished = {tištěná verze "print"},
language = {eng},
location = {Bratislava},
isbn = {978-80-225-3426-0},
pages = {161-165},
publisher = {Vydavateľstvo EKONÓM},
title = {Investigating differences between the Czech and Slovak labour market},
url = {http://www.fhi.sk/files/katedry/kove/ssov/VKOXVI/Zbornik2012.pdf},
year = {2012}
}
TY - JOUR
ID - 15681
AU - Němec, Daniel
PY - 2012
TI - Investigating differences between the Czech and Slovak labour market
PB - Vydavateľstvo EKONÓM
CY - Bratislava
SN - 9788022534260
KW - search and matching model
KW - DSGE model
KW - wage bargaining
KW - Bayesian estimation
UR - http://www.fhi.sk/files/katedry/kove/ssov/VKOXVI/Zbornik2012.pdf
N2 - This contribution reveals some structural properties and differences of the Czech and Slovak labour markets. A small search and matching model incorporated into standard DSGE model is estimated using Bayesian techniques. Two sources of rigidities were implemented: wage bargaining mechanism and "search and matching" process matching workers and firms. The results show that search and matching aspect provides satisfactory description of employment flows in both economies. Model estimates provide interesting evidence that wage bargaining process is determined mainly by the power of the firms. These results support the view of flexible wage environment in both economies. On the other hand, the firms are confronted by the 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. In \textit{Proceedings of the International Scientific Conference Quantitative Methods in Economics (Multiple Criteria Decision Making XVI)}. Bratislava: Vydavateľstvo EKONÓM, 2012, s.~161-165. ISBN~978-80-225-3426-0.
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