Politická ekonomie 2002, 50(3) | DOI: 10.18267/j.polek.368
Český trh práce ve druhé polovině 90. let
The czech labor market in the second half of the nineties
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
Published: June 1, 2002 Show citation
This is an open access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY NC ND 4.0), which permits non-comercial use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.