Labour Market Flexibility: the Case of Visegrad Countries

Tvrdon, Michal (2007): Labour Market Flexibility: the Case of Visegrad Countries.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: labour market; institutional aspects; employment protection legislation; tax wedge; labour market flexibility; unemployment benefits; active labour market policies; Visegrád countries; European Union
• Subjects: F - International Economics > F1 - Trade > F15 - Economic Integration; J - Labor and Demographic Economics > J0 - General > J08 - Labor Economics Policies; J - Labor and Demographic Economics > J8 - Labor Standards: National and International > J80 - General; J - Labor and Demographic Economics > J6 - Mobility, Unemployment, Vacancies, and Immigrant Workers > J65 - Unemployment Insurance ; Severance Pay ; Plant Closings; J - Labor and Demographic Economics > J3 - Wages, Compensation, and Labor Costs > J30 - General

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