We analyse labour market flows and unemployment rate dynamics in the Czech Republic (CR), Slovakia and Poland. Relative involvement of working-age individuals in movements between various labour market states appears to be approximately fi ve times lower in Central Europe than in the U.S./UK....

A simple model is developed with the aim of testing the efficiency of cost control in the key branches of Czech entrepreneurial sector (labour and financial costs are solely subject to analysis). In the period 1996 - 1999 the share of profits and depreciation in value added increased sligtly,...

We analyze labor market flows and unemployment in the Czech Republic (CR), Slovakia and Poland over the period 2004–2007. Relative involvement of working-age population in gross labor market flows is approximately five times lower in central Europe than in the U.S. /UK. Yet, compared to...

Using panel data for selected national economies, we estimate relative price changes stemming from fluctuations in sectoral productivity. Subsequently, we calculate the cross-country CPI-inflation differentials implied by sectorally unbalanced productivity growth, taking into account...

The paper's main purpose is to analyse capital-labour relations in various institutional arrangements at the firm level. In particular, it investigates how the alternative forms of worker's representation affect the firm flexibility. The character of corporate control in a unionised firm is...

In this volume we investigate the macroeconomic aspects of labour market behaviour and its microfoundations. In the first part we deal with aggregate labour market trends and issues relevant to macroeconomic policy. The second part analyses in more detail labour flexibility, namely labour market...