We experimentally investigate a simple version of Holmström’s career concerns model in which firms compete for agents in two consecutive periods. Profits of firms are determined by agents’ unknown ability and the effort they choose. Before making second-period wage offers firms are informed...

Nowadays the analysts of labour markets have a lot of different data and indicators that can be used for the evaluation of the labour market and monitor its development. But such a great number of monitoring determinants can create problems both with the evaluation and with the description of...

Since 2008, the labour market of the European Union has been significantly impacted by the economic recession which is evident also in all regions of the Czech Republic, including the South-Moravian Region. Impacts of the economic recession on the labour market are reflected mainly in reduction...

The world-wide economic crisis has deeply influenced the Visegrad Four (V4) countries, just as the other European regions. Before the crisis, the V4 region was considered monolithic in many aspects and displaying many of the same attributes. However, the economic crisis has deepened the...

Beside the free movement of capital, goods and services, the right to free movement is an essential part of the single European market. A genuine European labour market implies the free movement of all workers, including those who are not EU citizens. The paper explores the background and the...

The aim of this paper is to compare some of the significant institutional differences between the British and German economic models. This paper builds on a methodological framework developed by institutional economics. Comparative research carried out in this paper focuses on three...

The aim of this article is to explore main linkages among the participation rate, potential output and pension funding system. Based on the existing literature, there are several possibilities how to render the current set-up of the pension system sustainable. This sustainability is...

The paper examines the issue of flexicurity in the EU Member States and studies the association between flexicurity policy components (i.e. employment protection legislation, lifelong learning programs, active and passive labour market policies) and labour and total factor productivity growth in...

According to the permanent income / life-cycle hypothesis (PILCH), under standard preferences anticipated changes in employment status should not affect the changes in consumption. In this paper, we investigate the consumption behaviour of individuals who lose their jobs and those who find a...