 Labour Market Flexibility: the Case of Visegrad CountriesMPRA Paper from University Library of Munich, Germany Abstract: 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. Keywords: labour market; institutional aspects; employment protection legislation; tax wedge; labour market flexibility; unemployment benefits; active labour market policies; Visegrád countries; European Union (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:12314 Access Statistics for this paper More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC. |
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