scholarly journals Recent Labour Market Trends in the Visegrad Group Countries

2011 ◽  
Vol 14 (2) ◽  
pp. 25-40 ◽  
Author(s):  
Eugeniusz Kwiatkowski
Keyword(s):  
Labour Market ◽  
Economic Crisis ◽  
Labour Productivity ◽  
Working Time ◽  
Labour Markets ◽  
Real Wages ◽  
Unemployment Rates ◽  
Global Economic Crisis ◽  
Market Trends ◽  
Visegrad Group

This study analyses labour market trends that appeared in Poland and other Visegrad Group countries during the global economic crisis, i.e. between 2007 and 2009. Special attention is paid to the changes in employment and unemployment rates that occurred in that period. For the sake of comparison, the labour market indicators are contrasted with average rates for the European Union and the euro area. The presented analysis aims to identify the degree to which unemployment rates and indicators of employment changed in the selected countries in response to the global crisis and to explain why the labour markets in the sample countries reacted differently. It also addresses the changing production volumes and labour market flexibility, particularly towards wages, employment and working time. The above analyses show that the labour markets of the Visegrad Group countries changed significantly during the global economic crisis, i.e. between 2007 and 2009; unemployment rates rose, while volumes and rates of employment decreased. In Poland, the two indicators changed their values relatively insignificantly, but in Hungary, Slovakia and the Czech Republic the changes were quite distinct. In the crisis years, Polish employment fell and unemployment increased to a relatively small degree. Although the main reason for this was the quite favourable growth trend in the Polish GDP, cuts in real wage and working time reductions also played a role. The relatively marked decline in the Hungarian employment is maliny attributed to the strong downward trend in the country’s GDP, but the decline would have probably been much more extensive, if not for the reductions in working time, real wages and labour productivity. The large declines in the Slovak and Czech employment appeared because the countries' GDPs grew smaller while real wages grew bigger. Shorter working hours and limitations on labour productivity that the two countries introduced could not reverse the unfavourable employment trends that occurred during economic downturn.

scholarly journals Shift-share analysis of employment growth – the case of V4 countries

2008 ◽  
Vol 54 (No. 8) ◽  
pp. 347-351 ◽  
Author(s):  
P. Bielik ◽  
M. Rajčániová
Keyword(s):  
Economic Growth ◽  
Labour Market ◽  
Employment Growth ◽  
Driving Forces ◽  
Labour Productivity ◽  
Residual Effect ◽  
Labour Markets ◽  
Competitive Effect ◽  
Economic Problems ◽  
Visegrad Group

The performance of labour market together with its consequences (changes in employment, wages and labour productivity) is regarded as one of the major economic problems of our times. Well functioning labour market is an important precondition for economic growth and competitiveness of the country (Musil 2007; Blanchard 2006). The aim of this paper is to examine the changes in employment with the help of the shift-share analysis. Shift-share analysis enables the decomposition of employment growth into sectoral-mix effect, competitive effect and residual effect. First part of the paper will present the literature background on the development of labour markets of the V4 countries. Later on, we try to identify the driving forces of employment growth in the Visegrad group countries during the period 1994–2006. In addition, the last part of the paper will summarise the results obtained in our analysis.

Understanding Rising Income Inequality and Stagnating Ordinary Living Standards in Germany

2018 ◽  
Author(s):  
Gerhard Bosch ◽  
Thorsten Kalina
Keyword(s):  
Income Inequality ◽  
Labour Market ◽  
Economic Crisis ◽  
Household Income ◽  
Wage Bargaining ◽  
Living Standards ◽  
Social Model ◽  
Real Wages ◽  
The Impact ◽  
Over Time

This chapter describes how inequality and real incomes have evolved in Germany through the period from the 1980s, through reunification, up to the economic Crisis and its aftermath. It brings out how reunification was associated with a prolonged stagnation in real wages. It emphasizes how the distinctive German structures for wage bargaining were eroded over time, and the labour market and tax/transfer reforms of the late 1990s-early/mid-2000s led to increasing dualization in the labour market. The consequence was a marked increase in household income inequality, which went together with wage stagnation for much of the 1990s and subsequently. Coordination between government, employers, and unions still sufficed to avoid the impact the economic Crisis had on unemployment elsewhere, but the German social model has been altered fundamentally over the period

scholarly journals (Re)making labour markets and economic crises: The case of Ireland

2019 ◽  
Vol 30 (1) ◽  
pp. 22-38 ◽  
Author(s):  
Enda Murphy ◽  
Julien Mercille
Keyword(s):  
European Union ◽  
Labour Market ◽  
Economic Crisis ◽  
Labour Markets ◽  
Social Nature ◽  
The Social ◽  
Welfare Systems ◽  
Inclusive Approach ◽  
Regulatory Interventions ◽  
Irish Case

The 2008 economic crisis has had significant impacts on labour markets around the world. In Europe, in particular, the need for internal devaluation within European Union nations in financial difficulty precipitated a wave of labour market reforms alongside the reform of welfare systems struggling to cope with high levels of unemployment. Various analyses have explored the nature of these changes separately for the labour market and welfare systems. Using a conceptual framework rooted in a political economy understanding the social nature of labour, this article takes an inclusive approach to understanding regulatory changes for both employed and unemployed labour. We do this using the case of Ireland, a country that went through a severe economic crisis, was subject to a European Union/European Central Bank/International Monetary Fund bailout in 2010 and witnessed one of the most significant labour market crises in Europe. The Irish case is instructive because it highlights both the range and depth of regulatory interventions utilised by the state during periods of crisis to deal with the social nature of labour and its role under advanced capitalism. JEL codes: J01, J08, J48.

scholarly journals Importance of Employment Protection and Types of Employment Contracts for Elasticity of Employment in the OECD Countries

2014 ◽  
Vol 17 (1) ◽  
pp. 21-44
Author(s):  
Eugeniusz Kwiatkowski ◽  
Przemysław Włodarczyk
Keyword(s):  
Labour Market ◽  
Economic Crisis ◽  
Oecd Countries ◽  
Employment Protection ◽  
Employment Protection Legislation ◽  
Real Wages ◽  
Market Institutions ◽  
Employment Contracts ◽  
Protection Legislation ◽  
The Impact

This article presents the impact of the global crisis on employment in the OECD countries, and in particular is an attempt to explain why the impact is of a different scope in particular countries. Particular attention has been paid to the question of the role played by labour market institutions (such as employment protection legislation and fixed-term employment). The global economic crisis has influenced the situation in the labour markets of OECD countries, causing declines in employment and increases in unemployment. Changes in the level of employment in individual countries varied. Between 2007-2012 declines in production took place in the majority of OECD countries. Declines in real wages were also observed in those countries. On the other hand, in the period of 2005-2012 relatively small changes in labour market institutions occurred. With respect to both the stringency of employment protection legislation, as well as the share of fixed-term employment, there were no clearly visible trends in the data during the period of economic crisis. The econometric verification of theoretical hypotheses was performed using annual data from the 2005-2012 period for 26 OECD countries, and it shows that GDP and real wages were statistically significant determinants of employment size in the analyzed period. The study also confirmed the hypothesis of the existence of a non-linear (U-shaped) relationship between employment elasticity with respect to GDP and the level of stringency of employment protection legislation, as well as the share of fixed-term employment in the total number of employment contracts. The results show that the smallest declines in employment during a crisis might be expected in countries where the level of EPL is close to 2, and the share of fixed-term employment in the total number of employment contracts is close to 18%.

scholarly journals Building Econometric Model for Inflation and Unemployment Rate in Viet Nam and Myanmar

2019 ◽  
Vol 1 (1) ◽  
pp. 64
Author(s):  
Dinh TrAn Ngoc Huy, MBA
Keyword(s):  
Economic Crisis ◽  
Unemployment Rate ◽  
Econometric Model ◽  
Banking System ◽  
Viet Nam ◽  
Economic Factors ◽  
Unemployment Rates ◽  
The Us ◽  
Global Economic Crisis ◽  
The Relationship

<p><em>After the global economic crisis 2007-2011, Viet Nam and Myanmar economies experienced indirect and direct impacts on their economic, finance and banking system, and especially on unemployment rate. Although some economists have done researches on the relationship among macro economic factors such as: </em><em>C</em><em>onsumer </em><em>P</em><em>rice </em><em>I</em><em>ndex (CPI), inflation, GDP…, this paper aims to consider the interaction between macro economic factors such as Viet Nam inflation, US inflation and Viet Nam and Myanmar unemployment rates in the context Viet Nam and Myanmar economics receive impacts from global economic crisis. This is one main objective of this research paper. And the below chart shows us the fluctuation of Viet nam unemployment rate comparing to fluctuations of inflation in the US and in Viet Nam.</em><em></em></p>

scholarly journals Youth Labour Markets in Post-1984 New Zealand: Young People Negotiating School to Work Transitions

1970 ◽  
Author(s):  
Jane Higgins ◽  
Janine Alfeld
Keyword(s):  
New Zealand ◽  
Young People ◽  
Labour Market ◽  
Census Data ◽  
School To Work ◽  
Labour Markets ◽  
Clear Sense ◽  
Part Time ◽  
Market Trends ◽  
Reasonable Sense

This paper is part of a larger project exploring the school to post-school choices of New Zealand’s first post-1984 generation. In this paper we analyse census data relating to the employment of young people (aged 15-24 years) in two of the project’s sites, Southland and Auckland. We then discuss out participants’ perceptions of the labour market and find that these perceptions are broadly in line with general labour market trends, and that they incorporate a reasonable sense of the local opportunities for part time employment while at school. But participants lacked this ‘local literacy’ when considering future employment possibilities. That is, they lack a clear sense of engagement with ‘place’ in relation to their imagined working futures.

Factors that affect discouragement: A South African labour market analysis

2020 ◽  
Vol 11 (1) ◽  
pp. 90-90
Author(s):  
Precious Mncayi ◽  
Jacques de Jongh
Keyword(s):  
South Africa ◽  
Labour Market ◽  
South African ◽  
Market Analysis ◽  
International Standards ◽  
Labour Markets ◽  
Employment Opportunities ◽  
Unemployment Rates ◽  
The World ◽  
Very High

Labour markets across the world have in recent years been characterised by instability and scare employment opportunities. Despite the fact that the 21st century has carried with it massive technological change and a rise in the significance of education for better employment prospects, it has moreover brought about expanded vulnerability which has neglected to ensure employment for work-searchers. For those who want to work, the inability to find employment has been a source of enormous adversities both personally and economically. This is not unique to South Africa as the country is plagued with very high unemployment rates across all age categories and continually rising numbers of discouraged work-seekers. Although unemployment indicators have to a great extent followed international standards, the failure to incorporate those who have abstained from searching has inadvertently contributed to a lack of understanding regarding the nature of discouragement in the labour market. Keywords: Employment, discouragement; work-seekers, labour markets, South Africa, unemployment.

Falling euro-area unemployment masks EU disparities

2018 ◽  
Keyword(s):  
Labour Market ◽  
Unemployment Insurance ◽  
Euro Area ◽  
Youth Unemployment ◽  
The Political ◽  
Content Type ◽  
Unemployment Rates ◽  
Market Trends ◽  
Term Labour

Subject Long-term labour market trends. Significance Since the second half of 2013, the euro-area economy has undergone a cyclical upturn in GDP growth which has prompted a steady decline in unemployment. However, unemployment rates in several countries remain well above pre-crisis levels and labour market disparities have widened across the bloc. Impacts Disparities will contribute to making common EU unemployment insurance very unlikely in the foreseeable future. Persistent high unemployment rates could fuel Euroscepticism and dissatisfaction with the political establishment, as seen in Italy. High youth unemployment in several member states is likely to encourage emigration.

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