Assessment of Labour Market Elasticity in Latvia
AbstractLatvia's accession to the EU and its resolute policy oriented toward a full-fledged participation in the EMU, have highlighted the need for a profound investigation into the country's labour market. A flexible labour market is a key policy instrument for a country in the single currency area to ensure an escape from the adverse effects of asymmetric shocks. Labour market flexibility will determine how efficiently the economy of Latvia will develop in the period following its accession to the EU. The paper deals with flexibility of Latvia's labour market using the dynamics of market indicators and assessing its institutional framework.
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Bibliographic InfoPaper provided by Latvijas Banka in its series Working Papers with number 2005/03.
Date of creation: 25 Nov 2005
Date of revision:
labour market flexibility; flexibility of wages; institutional framework;
Find related papers by JEL classification:
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models
- E24 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
- J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General
- R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
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