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Determinants of labour market flows in Slovakia

Author

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  • Jan Klacso

    (National Bank of Slovakia)

  • Eva Stulrajterova

    (National Bank of Slovakia)

Abstract

In this paper, we analyse labour market flows based on data from the Labour Force Survey. This survey enables us to analyse the impact of socio-demographic characteristics on flows between employed, unemployed and inactive stage. Our analysis is based on the period 2005Q1 – 2020Q1 and, also separately on the crises period 2009 – 2010. Education, marital status, or the number of years in the current job are the main factors impacting the flows in case of employed. The higher the educational level and the longer employed, the lower the probability of becoming unemployed. Also, married persons and persons working full-time have lower probability to become unemployed. In case of unemployed or inactive persons, the level of education is also an important factor, as the higher the education the higher the probability of finding a job. Estimation results for the crises years are in general qualitatively similar to results for the whole period. It is mainly the impact of educational level that changes. In case of employed persons, tertiary education significantly increases the probability of remaining employed during crisis times compared to at most secondary education.

Suggested Citation

  • Jan Klacso & Eva Stulrajterova, 2021. "Determinants of labour market flows in Slovakia," Working and Discussion Papers WP 5/2021, Research Department, National Bank of Slovakia.
    • Handle: RePEc:svk:wpaper:1083
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    References listed on IDEAS

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    Cited by:

    1. Ján Klacso, 2024. "How Micro Data Improve the Estimation of Household Credit Risk Within the Macro Stress Testing Framework," Computational Economics, Springer;Society for Computational Economics, vol. 64(2), pages 707-733, August.

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    More about this item

    JEL classification:

    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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