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Unemployment and education in the Czech Republic
Hofman, Stanislav ; Fialová, Kamila (advisor) ; Kameníček, Jiří (referee)
Workers with higher adjusted education are characterised by higher wages, higher participation rate and lower unemployment. The theory of human capital explains lower number of unemployed workers from this group primarily by stronger attachment of more qualified workers to an employer's company and also by more effective job searching, which result in a shorter duration of unemployment. This paper set itself a task to analyse the reasons of variations in unemployment and vacancy rates for groups with different adjusted education by using the model of the Beveridge curve and the matching function. The statistic tests confirmed the theoretical hypothesis about lower risk of unemployment for the group with higher adjusted education. Although unemployed more qualified workers demonstrate lower duration of unemployment as well, it was not positively proved on the model of matching function, that it is due to more effective job searching.
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Inter-industry Wage Differentials in the Czech Republic
Hofman, Stanislav ; Flek, Vladislav (advisor) ; Kameníček, Jiří (referee)
This thesis examines inter-industry wage differentials in the Czech Republic, using the European Union - Statistics on Income and Living (EU-SILC 2009) survey as its primary data source. Findings show that, even after controlling for the large number of workers and jobs characteristics, wage differences based on industry affiliation still persist. The variation among inter-industry wage differentials amount to approximately 5 percent, with a maximum wage level difference of 25 percent between the financial sector and agriculture. By applying two distinct methodologies, we tested the hypothesis that the inter-industry wage differentials are actually caused by a higher concentration of workers with better unmeasured abilities in higher-paying industries. Neither of the two methods rejected the unobserved ability hypothesis. Finally, our analysis also shows that the inter-industry wage differentials can be, to a certain extent, attributed to rent-sharing and different labour turnover costs across sectors.
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Inter-industry Wage Differentials in the Czech Republic
Hofman, Stanislav ; Flek, Vladislav (advisor) ; Kameníček, Jiří (referee)
This thesis examines inter-industry wage differentials in the Czech Republic, using the European Union - Statistics on Income and Living (EU-SILC 2009) survey as our primary data source. Findings show that even after controlling for large number of workers and jobs characteristics wage differences based on industry affiliation still persist. The variation of the inter-industry wage differentials amounts to approximately 5 percent with the maximum wage level difference of 25 percent between the financial sector and agriculture. By applying two distinct methodologies we tested the hypothesis that the inter-industry wage differentials are actually caused by higher concentration of workers with better unmeasured abilities in higher-paying industries. Neither of the two methods rejected the unobserved ability hypothesis. Finally, our analysis also shows that the inter-industry wage differentials can be to a certain extent attributed to rent-sharing and different labour turnover costs across sectors.
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Unemployment and education in the Czech Republic
Hofman, Stanislav ; Fialová, Kamila (advisor) ; Kameníček, Jiří (referee)
Workers with higher adjusted education are characterised by higher wages, higher participation rate and lower unemployment. The theory of human capital explains lower number of unemployed workers from this group primarily by stronger attachment of more qualified workers to an employer's company and also by more effective job searching, which result in a shorter duration of unemployment. This paper set itself a task to analyse the reasons of variations in unemployment and vacancy rates for groups with different adjusted education by using the model of the Beveridge curve and the matching function. The statistic tests confirmed the theoretical hypothesis about lower risk of unemployment for the group with higher adjusted education. Although unemployed more qualified workers demonstrate lower duration of unemployment as well, it was not positively proved on the model of matching function, that it is due to more effective job searching.
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