Youth Unemployment: What Can the Flow Data Tell Us?
|Author:||Bc. Lenka Šlegerová|
|Year:||2016 - summer|
|Leaders:|| doc. Ing. Vladislav Flek CSc.
|Work type:|| Bachelors
|Awards and prizes:|
|Abstract:||This thesis deals with the dynamics of the Czech labour market, with special
emphasis on the youth. The calculations of gross labour market flows and flow
transition rates deliver evidence on higher youth labour market dynamics compared
to prime-age labour market.
The thesis then analyses the driving forces of unemployment rate fluctuations.
It explores the concept of steady-state unemployment rate and then focuses on
decomposition of fluctuations in the steady-state unemployment rate. In the Czech
Republic, the results at the aggregate level suggest that changes in unemployment
inflow contribute with considerably higher share to the fluctuations in steady-state
unemployment rate than changes in unemployment outflow. In case of the youth
steady-state unemployment rate, changes in unemployment inflow account for an
even higher share of fluctuations in the steady-state unemployment rate.