method of calculating labour market flows in a consistent way and the employment effects of the crisis unfolding after 2008 …Analyses of the Hungarian employment situation are almost always concerned only with the change in the number of the … employed, unemployed and inactive, not paying particular attention to the flows between these states. This paper discusses a …

competitive labour market with friction. -- minimum wage and employment ; minimum wage paradox ; friction and search in the labour …In the conventional textbook demand-supply model of competitive labour markets, introduction of a minimum wage above … the market-clearing level must reduce employment. Empirical findings suggest, however, that this might not always be the …