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Nezaměstnanost a volná pracovní místa
[Unemployment and Job Creation]

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  • Andrea Čížků

Abstract

Unemployment and Job Creation The aim of the paper is to formulate, estimate econometrically and analyse an empirically oriented labour market model in which a job creation process is described as determined by aggregate output demand. The model is estimated econometrically for Spain and the United Kingdom before and after the current economic crisis. Spain represents less developed countries in southern Europe while the United Kingdom is used as a representative of advanced European economies. The goal of the subsequent model analysis is (1) to investigate the strength of the aggregate demand transmission mechanism in these two different European countries, and (2) to analyse a connection between multiplicity of equilibrium unemployment rate and the strength of the aggregate demand transmission mechanism.

Suggested Citation

  • Andrea Čížků, 2020. "Nezaměstnanost a volná pracovní místa [Unemployment and Job Creation]," Politická ekonomie, Prague University of Economics and Business, vol. 2020(6), pages 607-629.
    • Handle: RePEc:prg:jnlpol:v:2020:y:2020:i:6:id:1297:p:607-629
    DOI: 10.18267/j.polek.1297
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    References listed on IDEAS

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    More about this item

    Keywords

    unemployment; Cobb-Douglas matching function; aggregate output demand; vacancies;
    All these keywords.

    JEL classification:

    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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