The objective of this thesis is to estimate the real wage rigidities in chosen EU countries and their influence on long term unemployment. Two main approaches used in this thesis are multiple regression analysis applied on Phillips curve and Structural VAR. The results show the development of wage flexibility before and after the crisis, heterogeneity of wage flexibility across the chosen EU countries and positive correlation between wage flexibility and low long-term unemploy-ment rate.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:189552 |
| Date | January 2015 |
| Creators | Janus, Ondřej |
| Source Sets | Czech ETDs |
| Language | English |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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