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Český trh práce ve druhé polovině 90. let

The czech labor market in the second half of the nineties

Tomáš Sirovátka and Martin Žižlavský

Politická ekonomie, 2002, vol. 2002, issue 3

Abstract: 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. Since 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.

Keywords: long-term unemployment; hysteresis; natural rate of unemployment; active labor market policy; flexibility (search for similar items in EconPapers)
Date: 2002
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DOI: 10.18267/j.polek.368

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