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Odhad nákladů nezaměstnanosti a jejich odraz ve veřejných rozpočtech České republiky v období let 2017-2019
[Estimation of Costs of Unemployment and Their Reflection in Public Budgets in the Czech Republic in 2017‒2019]

Author

Listed:
  • Martin Zeman

Abstract

The aim of the presented research is to quantify the costs of unemployment in the Czech Republic in the years before start of the 2020 exogenous crisis. The costs of unemployment are quantified as direct costs and induced costs. The research method is based on the con- struction of the average unemployed. I identify his/her average income level, length of unemployment and age, as well as level of education. The analysis also quantifies the economic effectiveness of hypothetical economic policy measures in maintaining employment.

Suggested Citation

  • Martin Zeman, 2021. "Odhad nákladů nezaměstnanosti a jejich odraz ve veřejných rozpočtech České republiky v období let 2017-2019 [Estimation of Costs of Unemployment and Their Reflection in Public Budgets in the Czech ," Politická ekonomie, Prague University of Economics and Business, vol. 2021(6), pages 627-650.
    • Handle: RePEc:prg:jnlpol:v:2021:y:2021:i:6:id:1338:p:627-650
    DOI: 10.18267/j.polek.1338
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    More about this item

    Keywords

    Fiscal policy; unemployment; unemployment costs; Czech Republic;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure

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