Publication detail

Assessing the job-finding probability of older and prime-age unemployed workers (V. Flek, M. Hála, M. Mysíková)

Author(s): doc. Ing. Vladislav Flek CSc., Hála, Martin
PhDr. Martina Mysíková Ph.D., Hála, Martin
Type: Articles in journals with impact factor
Year: 2020
Number: 0
ISSN / ISBN:
Published in: Prague Economic Papers, 29 (4): 424–444
Publishing place:
Keywords:
JEL codes:
Suggested Citation: DOI: 10.18267/j.pep.738
Abstract: We analyse the extent and determinants of somewhat gloomy employment prospects of older unemployed populations in Austria, the Czech Republic, Poland and Slovakia. For this purpose, we explore the European Union Statistics on Income and Living Conditions over the period 2004-2014. Survival estimates suggest that older unemployed workers face lower job-finding probabilities compared to prime-age unemployed workers, while this age-based gap increases with longer unemployment spells. The results of estimating the hazard models reveal that the job-finding probability of older unemployed workers is about 20-25% lower than that of the prime-age group, even after controlling for explanatory covariates and unobserved heterogeneity. Unemployment duration appears to be the major determinant of job-finding probability within both age groups. In contrast, the impact of explanatory covariates (gender, education, household characteristics, etc.) is relatively less robust and/or uniform.

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