Politická ekonomie 2014, 62(4):560-576 | DOI: 10.18267/j.polek.969

Toky dlouhodobé nezaměstnanosti

Petr Maleček
Vysoká škola ekonomická v Praze.

Long-Term Unemployment Flows

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
JEL classification: C22, C23, E24, J64

Published: August 1, 2014  Show citation

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Maleček, P. (2014). Long-Term Unemployment Flows. Politická ekonomie, 62(4), 560-576. doi: 10.18267/j.polek.969
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