Labor Market Performance and the Beveridge Curve: The Case of Visegrad Group Countries
|TVRDOŇ, Michal. Labor Market Performance and the Beveridge Curve: The Case of Visegrad Group Countries. Journal of Applied Economic Sciences. 2019, XIV, No 2, p. 332-339. ISSN 2393-5162. doi:10.14505/jaes.v14.2(64).03.
|Labor Market Performance and the Beveridge Curve: The Case of Visegrad Group Countries
|TVRDOŇ, Michal (203 Czech Republic, guarantor, belonging to the institution).
|Journal of Applied Economic Sciences, 2019, 2393-5162.
|Type of outcome
|Article in a journal
|Field of Study
|50202 Applied Economics, Econometrics
|Country of publisher
|is not subject to a state or trade secret
|RIV identification code
|School of Business Administration in Karvina
|Keywords in English
|Beveridge curve; job vacancy rate; labour market; unemployment rate; Visegrad Group
|Changed by: Miroslava Snopková, učo 43819. Changed: 26/4/2020 18:23.
|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.
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