Understanding Long-Term Unemployment in the Czech Republic

Stepan Jurajda and Daniel Münich

Czech Journal of Economics and Finance (Finance a uver), 2003, vol. 53, issue 1-2, 11-30

Abstract: One potential negative impact of the EU accession of Central European economies could be 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 a domestic recession in 1997. We place the Czech data in an international context using VAR-based simulations and examine the role of welfare benefits in driving LTU.

Keywords: long-term unemployment; welfare; simulation (search for similar items in EconPapers)
JEL-codes: E17 I38 J64 (search for similar items in EconPapers)
Date: 2003
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://journal.fsv.cuni.cz/storage/920_02_011-030.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fau:fauart:v:53:y:2003:i:1-2:p:11-30

Access Statistics for this article

More articles in Czech Journal of Economics and Finance (Finance a uver) from Charles University Prague, Faculty of Social Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Natalie Svarcova ().