Understanding Czech Long-Term Unemployment

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.

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Year of publication:	2002-08-07
Authors:	Jurajda, Stepan ; Münich, Daniel
Institutions:	William Davidson Institute, University of Michigan
Subject:	Unemployment \| Transition \| Flexibility \| Czech Republic

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Series:	William Davidson Institute Working Papers Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 498 29 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005489901