Understanding Czech Long-Term Unemployment
AbstractOne potential impact of the looming EU accession of Central European economies is unemployment hysteresis working through long-term unemployment (LTU). In this paper, we explore the mechanisms of LTU by providing a detailed description of the recent rise in Czech LTU following the recession of 1997. We place the Czech evidence in international perspective using, e.g., VAR-based simulations, and focus on the role of welfare benefits in driving LTU.
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Bibliographic InfoPaper provided by William Davidson Institute at the University of Michigan in its series William Davidson Institute Working Papers Series with number 498.
Length: 29 pages
Date of creation: 07 Aug 2002
Date of revision:
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Unemployment; Transition; Flexibility; Czech Republic;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-03-03 (All new papers)
- NEP-MAC-2003-03-03 (Macroeconomics)
- NEP-TRA-2003-03-03 (Transition Economics)
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