This diploma thesis aims to estimate the level of wage flexibility in 12 selected countries of the European Union. Countries are divided into three groups: countries of Central and Eastern Europe (CEE), countries of the core and countries of periphery. The approach used is based on the institutional set-up of the labor market, where a comprehensive index is created for the assessment of institutional characteristics. To estimate the real wage elasticity, a macroeconomic method based on the Phillips curve is used, which is also the second approach. The results show that the countries of the core have a higher degree of flexibility on the labor market, even though the institutional setting promotes wage flexibility in CEE countries more.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:428858 |
| Date | January 2019 |
| Creators | Valášek, Lukáš |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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