J 2019

Labor Market Performance and the Beveridge Curve: The Case of Visegrad Group Countries

TVRDOŇ, Michal

Basic information

Original name

Labor Market Performance and the Beveridge Curve: The Case of Visegrad Group Countries

Authors

TVRDOŇ, Michal (203 Czech Republic, guarantor, belonging to the institution)

Edition

Journal of Applied Economic Sciences, 2019, 2393-5162

Other information

Language

English

Type of outcome

Článek v odborném periodiku

Field of Study

50202 Applied Economics, Econometrics

Country of publisher

Romania

Confidentiality degree

není předmětem státního či obchodního tajemství

References:

RIV identification code

RIV/47813059:19520/19:A0000011

Organization unit

School of Business Administration in Karvina

Keywords in English

Beveridge curve; job vacancy rate; labour market; unemployment rate; Visegrad Group
Změněno: 26/4/2020 18:23, Miroslava Snopková

Abstract

V originále

The paper deals with labour market performance in the Visegrad Group countries between 2010 and 2018. The paper also employed the Beveridge curve as an alternative indicator of labour market performance. The curve basically shows the development of the labour market – it is a graphical demonstration of the relationship of two variables – unemployment rate and the job vacancy rate. According to previous theoretical and empirical studies, labour market performance is largely dependent on the business cycle. In other words, if a negative output gap exists rising unemployment appears and vice versa. The Eurostat data were applied in the paper. Based on the analysis it can be stated shifts in the Beveridge curve in Visegrad Group countries proved theoretical concept of this curve. Empirical results showed shifts of the Beveridge curve to the left and upward (the job vacancy rate was increasing, while the unemployment rate was declining), which is peculiar to the prosperity phase from 2014Q1 to 2018Q3.