Template-Type: ReDIF-Article 1.0 Author-Name: Vladislav Flek Title: Employment structure and unemployment in the czech republic Abstract: Did exceptionally low unemployment between 1990-1996 mean that the CzechRepublic had sacrificed more labour market flexibility and faster changes inthe structure of employmnet in exchange for social stability? Or had thecountry made use of its specific initial conditions and managed to followits own mode of labour market restructuring, without the necessity ofincreasing the rate of unemployment drastically? Does currently increasingunemployment accelerate the coversion of the structure of employment towardsthe EU-15 patterns? In attemting to answer the above questions, the paperargues that the Czech unemployment miracle has disappeared as soon as theparticipation rate had become stable, labour shedding accelerated and theeconomic policies responded to macroeconomic overheating. The main sourcesof structural changes in employment were massive labour force withdrawals inagriculture and industry, coupled with job-to-job movements of labour. But,the process of further structural changes has nearly been stopped, despitethe recent rise in unemployment. Instead of being a driving force of labourmobility, current unemploymnet bears predominantly cyclical features. Keywords: employment, labour flows, labour force participation, sector shares of employment, unemployment Volume: 1999 Issue: 3 Year: 1999 File-URL: http://www.vse.cz/pep/46 File-Format: text/html Handle: RePEc:prg:jnlpep:v:1999:y:1999:i:3:id:46 Template-Type: ReDIF-Article 1.0 Author-Name: Tor Eriksson Author-Name: Jaromír Gottwald Author-Name: Pavel Mrázek Title: An analysis of the determinants of managerial pay in the czech republic Abstract: The purpose of this paper is to examine the determinants of the variation inCzech managers' pay levels. The main questions we attempted to answer: Arethe managers in stateowned firms compensated differently than those inprivate owned firms? How much of hte difference in pay is explained bydifferences in individual characteristics and job levels? What is theimportance of the regional location or the industry affiliation of the firmsfor managerial pay differentials? For this purpose we used data from across-section of Czech managers in 1996 and estimated earnings equationsaugmented with a host of explanatory variables related to firm and jobcharacteristics. Keywords: managerial compensation, transition economy Volume: 1999 Issue: 3 Year: 1999 File-URL: http://www.vse.cz/pep/47 File-Format: text/html Handle: RePEc:prg:jnlpep:v:1999:y:1999:i:3:id:47 Template-Type: ReDIF-Article 1.0 Author-Name: Jiří Kleibl Author-Name: Zuzana Dvořáková Title: Industrial relations in the czech republic Abstract: Czech representative democracy was initiated from the top down afterNovember 1989. Citizen's associations, trade unions and Tripartite are themajor mediators and interest-representing bodies outside political parties.Trade unions are highly centralised an donly bargain and conclude collectiveagreements on behalf of employees. Union membership dropped sharply from100% of the economically active population in 1989 to 21% in 1997. Tradeunions worked in partnership with government to formulate social policy inthe years 1990-1997, most often in Tripartite. This partnership contributedto the general support of economic transformation and influenced thewillingness of people to carry the burden of privatization. However, since1997 these partners have demonstrated efforts to rely less on Tripartite.Instead, they make representations directly to Parliament and rely upon thelegal provisions on collective bargaining. Keywords: citizen community, trade unions, employers' associations, tripartite, collective bargaining Volume: 1999 Issue: 3 Year: 1999 File-URL: http://www.vse.cz/pep/48 File-Format: text/html Handle: RePEc:prg:jnlpep:v:1999:y:1999:i:3:id:48 Template-Type: ReDIF-Article 1.0 Author-Name: Michal Mejstřík Title: The restructuring after privatization in the czech republic Abstract: This paper explains restructuring of state-owned enterprises (SOEs) both bythe national restructuring reflecting changes in enterprise demand and bythe change of ownership oriented towards supply changes. Until 1996 thefirst factor had had the positive restructuring impact. At hte same time thegovernment, however, accepted the general presence of incomplete contracts that negatively affected the contents of privatization, seriously biasedcorporate governance and led to the poor performance of Czech capital marketresulting in highly distorted restructuring of privatized SOEs.Consolidation of shareholding in this non-transparent environment most oftenattracted the leverage takeovers by financially weak shareholders with shortterm speculative interests in the potential acquisition premium that exposedcompanies to further debt. Paper describes the costly evolution of ownershipstructures and different restructuring impact of enterprise ownership.Special attention is given to the companies controlled by alliances of fundsand by the foreign strategic shareholders. The latter had gradually createdthe islands of more complete contracts and more reliable customers andsuppliers than before. Keywords: privatization, restructuring, corporate governance Volume: 1999 Issue: 3 Year: 1999 File-URL: http://www.vse.cz/pep/49 File-Format: text/html Handle: RePEc:prg:jnlpep:v:1999:y:1999:i:3:id:49 Template-Type: ReDIF-Article 1.0 Author-Name: Lubomír Lízal Title: Depreciation rates in a transition economy: evidence from czech panel data Abstract: This paper examines industrial differences in depreciation rates and thesuitabilitz of financial data for a microeconomic analzsis. Depreciation isa main source of enterprise investment and serves as a source forreplacement of obsolete or used-up capital. The findings on capitalstructure in this paper are consistent with the common view that heavzindustrz firms have long-life capital while firms operating in electronics,or light industrz as a whole, have a capital structure containing a higherportion of a short-life capital. Also, larger firms are more likelz to havea higher portion of long-life capital, like real estate. The last conclusiondrawn from this analzsis is that certain tzpes of financial data might behighlz influenced bz seasonal effects which could operate a s a measurementerror and therefore distort estimates which are sensitive to them. Keywords: measurement error, depreciation, investment, financial data, transition Volume: 1999 Issue: 3 Year: 1999 File-URL: http://www.vse.cz/pep/50 File-Format: text/html Handle: RePEc:prg:jnlpep:v:1999:y:1999:i:3:id:50