Understanding Czech Long-Term Unemployment

Stepan Jurajda and Daniel Münich

No 498, William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan

Abstract: One potential impact of the looming EU accession of Central European economies is 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 the recession of 1997. We place the Czech evidence in international perspective using, e.g., VAR-based simulations, and focus on the role of welfare benefits in driving LTU.

Keywords: Unemployment; Transition; Flexibility; Czech Republic (search for similar items in EconPapers)
Pages: 29 pages
Date: 2002-08-07
New Economics Papers: this item is included in nep-mac and nep-tra
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:wdi:papers:2002-498

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