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The Effect of University Education on Employment in the Visegrad Group
Karolík, Richard ; Cahlík, Tomáš (advisor) ; Troch, Tomáš (referee)
This thesis investigates the effect of university education on employability in the Visegrad group countries. Education as a part of human capital plays a relevant role in the labour economics. Data from the sixth round of the European Social Survey are applied to this research. The study is divided into three parts. The first part examines the impact of achieving a university degree on employability in the whole Visegrad region. The second part focuses on comparing the effect of completing university education across individual countries of the Visegrad region. The last third part studies the additional value of completing different levels of tertiary education. Results suggest that the correlation between the level of education and the probability of being employed is positive. Those who has completed university education have eighty-seven percent higher chance to be employed, in comparison with those who has completed only secondary education. The most significant difference in employability was detected in Poland and least significant in the Czech Republic. The impact of the additional level of tertiary education on the employability is higher but appears to be diminishing with higher degree. Keywords Higher education, Tertiary education, The Visegrad group, University, employment, Bach- elor's...
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The US Financial Market Uncertainty and Its Spillover to European Stock Markets
Karolík, Richard ; Horváth, Roman (advisor) ; Kočenda, Evžen (referee)
This thesis studies the spillover of the financial market uncertainty arising from the United States to three major European stock markets by analyzing the impulse response functions that were estimated using the local projections method. European stock markets are represented by their corresponding in- dices: the DAX 30 index for Germany, the CAC 40 for France, and the FTSE 100 for the United Kingdom. The results prove the existence of uncertainty spillover from the United States into Europe with the negative relationship be- tween the performance of a particular stock market and the uncertainty shock emerging from the US. Additional analysis examines the response to uncer- tainty shock for the two subsamples based on the Lehman Brothers collapse. The results show a possible interesting improvement in the ability to recover from uncertainty shock since the collapse of Lehman Brothers and can serve as a starting point for the further analyses in the field. JEL Classification F12, F21, F23, H25, H71, H87 Keywords Uncertainty, financial market, stock market, United States, Europe Title The US Financial Market Uncertainty and Its Spillover to European Stock Markets
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The Effect of University Education on Employment in the Visegrad Group
Karolík, Richard ; Cahlík, Tomáš (advisor) ; Troch, Tomáš (referee)
This thesis investigates the effect of university education on employability in the Visegrad group countries. Education as a part of human capital plays a relevant role in the labour economics. Data from the sixth round of the European Social Survey are applied to this research. The study is divided into three parts. The first part examines the impact of achieving a university degree on employability in the whole Visegrad region. The second part focuses on comparing the effect of completing university education across individual countries of the Visegrad region. The last third part studies the additional value of completing different levels of tertiary education. Results suggest that the correlation between the level of education and the probability of being employed is positive. Those who has completed university education have eighty-seven percent higher chance to be employed, in comparison with those who has completed only secondary education. The most significant difference in employability was detected in Poland and least significant in the Czech Republic. The impact of the additional level of tertiary education on the employability is higher but appears to be diminishing with higher degree. Keywords Higher education, Tertiary education, The Visegrad group, University, employment, Bach- elor's...
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