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Labour Market Flexibility: the Case of Visegrad Countries


  • Tvrdon, Michal


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.

Suggested Citation

  • Tvrdon, Michal, 2007. "Labour Market Flexibility: the Case of Visegrad Countries," MPRA Paper 12314, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:12314

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    References listed on IDEAS

    1. Daniele Checchi & Claudio Lucifora, 2002. "Unions and labour market institutions in Europe," Economic Policy, CEPR;CES;MSH, vol. 17(35), pages 361-408, October.
    2. Blanchard, Olivier & Wolfers, Justin, 2000. "The Role of Shocks and Institutions in the Rise of European Unemployment: The Aggregate Evidence," Economic Journal, Royal Economic Society, vol. 110(462), pages 1-33, March.
    3. André Van Poeck & Alain Borghijs, 2001. "EMU and Labour Market Reform: Needs, Incentives and Realisations," The World Economy, Wiley Blackwell, vol. 24(10), pages 1327-1352, November.
    4. Francesco Daveri & Guido Tabellini, 2000. "Unemployment, growth and taxation in industrial countries," Economic Policy, CEPR;CES;MSH, vol. 15(30), pages 47-104, April.
    5. Marcello M. Estevão, 2003. "Do Active Labor Market Policies Increase Employment?," IMF Working Papers 03/234, International Monetary Fund.
    6. Jackman, R. & Layard, R. & Nickell, S., 1996. "Combatting unemployment: is flexibility enough?," LSE Research Online Documents on Economics 47446, London School of Economics and Political Science, LSE Library.
    7. E. Paul Durrenberger, 2005. "Labour," Chapters,in: A Handbook of Economic Anthropology, chapter 8 Edward Elgar Publishing.
    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 Publishing.
    9. H Buscher & C Dreger & R Ramos & J Surinach, 2009. "The Impact of Institutions on the Employment Performance in European Labour Markets," Economic Issues Journal Articles, Economic Issues, vol. 14(1), pages 17-34, March.
    10. Aidt, Toke & Tzannatos, Zafiris, 2001. "The cost and benefits of collective bargaining : a survey," Social Protection and Labor Policy and Technical Notes 23309, The World Bank.
    11. repec:sae:niesru:v:115:y::i:1:p:52-63 is not listed on IDEAS
    12. 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.
    13. 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).
    Full references (including those not matched with items on IDEAS)

    More about this item


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

    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, Vacancies, and Immigrant Workers - - - Unemployment Insurance; Severance Pay; Plant Closings
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General


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