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Labour Market Flexibility: the Case of Visegrad Countries

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Author Info
Tvrdon, Michal

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Abstract

The presented article deals with labour market institutions and labour market flexibility in the Visegrád countries. We can find out in theoretical literature a traditional set of institutional aspects such as employment protection legislation, structure of wage bargaining, taxation of labour, active labour market policies, the system of unemployment and social benefits. All these aspects determine the institutional framework of the labour market. Theoretical literature also has defined labour market flexibility as an instrument for adjustment process in case of asymmetric shock. The article is composed of the comparative analysis of selected criteria and corresponding economic indicators of the EU member states (EU-15 and V-4). The evidence shows that the values of labour market flexibility in the Visegrád group countries were higher than average of old EU-15 member states.

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File URL: http://mpra.ub.uni-muenchen.de/12314/
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 12314.

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Date of creation: 2007
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Handle: RePEc:pra:mprapa:12314

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Related research
Keywords: labour market; institutional aspects; employment protection legislation; tax wedge; labour market flexibility; unemployment benefits; active labour market policies; Visegrád countries; European Union;

Find related papers by JEL classification:
F15 - International Economics - - Trade - - - Economic Integration
J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
J80 - Labor and Demographic Economics - - Labor Standards - - - General
J65 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Unemployment Insurance; Severance Pay; Plant Closings
J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General

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  1. Eamets, Raul & Masso, Jaan, 2004. "Labour Market Flexibility and Employment Protection Regulation in the Baltic States," IZA Discussion Papers 1147, Institute for the Study of Labor (IZA). [Downloadable!]
  2. Francesco Daveri & Guido Tabellini, 2000. "Unemployment, growth and taxation in industrial countries," Economic Policy, CEPR, CES, MSH, vol. 15(30), pages 47-104, 04. [Downloadable!] (restricted)
    Other versions:
  3. Herbert Buscher & Christian Dreger & Raul Ramos & Jordi Surinach, 2005. "The Impact of Institutions on the Employment Performance in European Labour Markets," IZA Discussion Papers 1732, Institute for the Study of Labor (IZA). [Downloadable!]
  4. Marcello M. Estevão, 2003. "Do Active Labor Market Policies Increase Employment?," IMF Working Papers 03/234, International Monetary Fund. [Downloadable!]
  5. Daniele Checchi & Claudio Lucifora, 2002. "Unions and labour market institutions in Europe," Economic Policy, CEPR, CES, MSH, vol. 17(35), pages 361-408, October. [Downloadable!] (restricted)
    Other versions:
  6. Olivier Blanchard & Justin Wolfers, 1999. "The Role of Shocks and Institutions in the Rise of European Unemployment: The Aggregate Evidence," NBER Working Papers 7282, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  7. Aidt, T.S. & Tzannatos, Z., 2005. "The Cost and Benefits of Collective Bargaining," Cambridge Working Papers in Economics 0541, Faculty of Economics, University of Cambridge. [Downloadable!]
  8. Nicola Brandt & Jean-Marc Burniaux & Romain Duval, 2005. "Assessing the OECD Jobs Strategy: Past Developments and Reforms," OECD Economics Department Working Papers 429, OECD, Economics Department. [Downloadable!]
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