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Volume 53, Issue 1 -2


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

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