Understanding Long-Term Unemployment in the Czech Republic
Jurajda, Štěpán; Münich, Daniel
Year: 2003 Volume: 53 Issue: 1 -2 Pages: 11-30
Abstract: One potential negative impact of the EU accession of Central European economies could be unemployment hysteresis working through long-term unemployment (LTU). In this paper we explore the mechanisms of LTU by providing a detailed description of the recent rise in Czech LTU following a domestic recession in 1997. We place the Czech data in an international context using VAR-based simulations and examine the role of welfare benefits in driving LTU.
JEL classification: J64, I38, E17
Keywords: long-term unemployment; welfare; simulation
RePEc: n/a
 Attachment [PDF] |  Print  Recommend to others |
