The authors investigate the impact of a change in the Czech early retirement scheme on the labor force participation of older male workers. Using the difference-in-differences method they find that a reduction in early retirement benefits by 2–3% leads to significant decrease in the...

The Czech Republic is no longer an employment haven, the site of what had been declared as an “unemployment miracle.” What happened? In this paper, the authors gather various statistical and sociological data on employment and unemployment trends, wage development, and workers’ opinions...

This paper deals with Alternative Risk Transfer (ART) through the securitization of longevity and mortality risks in pension plans and commercial life insurance. Various types of such mortality-linked securities are described (e.g., CATM bonds, longevity bonds, mortality forwards and futures,...

This paper shows by means of the concept of utility that annuitization through life annui-ties or a pension can be an efficient instrument for the economic assurance of seniors. Various quantitative arguments are presented supporting this statement (e.g. annuity equivalent wealth [AEW] is...

An empirical small labor market model for the Czech Republic is estimated in the state-space framework. Its purpose is joint modeling of the labor force, employment, wages, hours worked, output, and the GDP deflator in a consistent “structural” framework suitable for short-run forecasting....

The authors use labor force survey data to provide a detailed description and an international comparison of the level and structure of occupational gender segregation in the Czech Republic during 1994–2004. Based on 1999 data, they find Czech occupational segregation to be close to the EU...

During the second half of the 1990s, the Czech economy experienced a sharp increase in the unemployment rate. The authors attempt to determine whether this was caused by structural changes, worsening labor-market performance, or by the changing business-cycle position. This has direct...

This paper focuses on structural changes in employment in absolute and relative terms, using Czech labor force survey data. Gross flows, job-to-job flows, and industry flows are investigated to delineate the major movements on the Czech labor market. The overall analysis of mobility flows...