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Nezaměstnanost a věková segmentace trhu práce
[Unemployment and Age-based Labor Market Segmentation]

Author

Listed:
  • Vladislav Flek
  • Martin Hála
  • Martina Mysíková

Abstract

We analyze age-specific labor market dynamics in the Czech Republic, Poland and Slovakia over the period 2009-2012. We document a marginalized status of young workers aged 16-24, whose risk of job loss followed by unemployment is two to three times higher than that of prime-age workers (35-49). Further more, unemployed workers aged 50-61 face relatively the lowest probability of finding a job, at rates 30-50% lower than prime-age unemployed workers. These results are qualitatively in line with those established for the reference economy of the UK. Finally, we find that fluctuations in age-specific unemployment rates in all three countries are mainly driven by variations in outflow rates from unemployment rather than by variations in inflow rates into unemployment. In contrast, in the UK, the fluctuations in all age-specific unemployment rates, are decisively affected by variations in inflow rates into unemployment.

Suggested Citation

  • Vladislav Flek & Martin Hála & Martina Mysíková, 2018. "Nezaměstnanost a věková segmentace trhu práce [Unemployment and Age-based Labor Market Segmentation]," Politická ekonomie, Prague University of Economics and Business, vol. 2018(6), pages 709-731.
    • Handle: RePEc:prg:jnlpol:v:2018:y:2018:i:6:id:1227:p:709-731
    DOI: 10.18267/j.polek.1227
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    References listed on IDEAS

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    More about this item

    Keywords

    labor market segmentation; steady-state unemployment rate; transition probabilities; variance decomposition;
    All these keywords.

    JEL classification:

    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs

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