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. To prove this relationship, we followed the theory of compensating wage differentials and the theory of hedonic prices …. Using data from 2007 Czech labour survey, we econometrically derived three hedonic wage functions. To estimate mortality …. The estimated effect was lower for hedonic function with worker´s perception of mortality risks. This result implies the …
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The paper emphasizes how changes in credit conditions in the Czech Republic are likely to influence aggregate consumption. Aggregate consumption plays an important role in macroeconomic fluctuations and in the transmission mechanism. Czech household debt has increased in the past five years. The...
Persistent link: https://www.econbiz.de/10008549889
The paper presents the optimal control theory and the maximum principle technique that is suitable for solving dynamic optimalization problems in continuous time. Modern mainstream macroeconomics stresses microeconomics principles of solved problems. However, the application of the standard...
Persistent link: https://www.econbiz.de/10005036694
This paper deals with the situation on the Czech labour market in the period 1990-2006. It shows the status and development of the supply and demand sides of this market. Great attention is paid to the long-term trends in employment, self-employment, unemployment, and long-term unemployment. The...
Persistent link: https://www.econbiz.de/10005036290
This paper deals with the situation on the European labour market and especially on the Czech labour market. It shows the impact of long-term unemployment - a crucial problem in contemporary European countries - on the economy and on the society and its integrity. Great attention is paid to the...
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