Toky dlouhodobé nezaměstnanosti

Long-Term Unemployment Flows

Petr Maleček

Politická ekonomie, 2014, vol. 2014, issue 4, 560-576

Abstract: This article presents the methodology to extend the traditional employment-unemployment flows model with a third sector: long-term unemployment. This enables a new range of decompositions of various labour market aggregates which allows for a deeper understanding of the structure and dynamics of a particular labour market. One of possible analyses is conducted in the case of selected EU Member States. Finally, it is shown that transition probabilities into and from long-term unemployment depend on the business cycle in most EU countries.

Keywords: long-term unemployment; business cycle; labour force flows (search for similar items in EconPapers)
JEL-codes: C22 C23 E24 J64 (search for similar items in EconPapers)
Date: 2014
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DOI: 10.18267/j.polek.969

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