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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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
12314.
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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