Publication details

Český trh práce ve druhé polovině 90. let

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Title in English Czech Labor Market in the Second Half of the Nineties


Year of publication 2002
Type Article in Periodical
Magazine / Source Politická ekonomie
MU Faculty or unit

Faculty of Social Studies

Field Economy
Keywords hysteresis; natural rate of unemployment; long-term unemployment; active labor market policy; flexibility
Description The paper analyses the developments on the Czech labor market in 1996-2000 from the perspective of economic adjustment: employment, unemployment and active labor market policies. On the one hand increasing economic pressures intensified the pace of the changes. On the other hand signals of hysteresis on the supply-side of the labor market may be identified: worsening efficiency of job-search, growth of long-term unemployment, increasing level of NAIRU. As the flexibility of the labor markets seems to be crucial for successful economic adjustment and economic growth within contemporary de-industrialized and globalized economy, role of active labor market policies may be more important to influence the flexibility of the labor-force.
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