Estimation  of  Costs  of  Unemployment  and  Their  Reflection  in  Public  Budgets  in the Czech Republic in 2017‒2019 Cover Image

Odhad nákladů nezaměstnanosti a jejich odraz ve veřejných rozpočtech České republiky v období let 2017–2019
Estimation of Costs of Unemployment and Their Reflection in Public Budgets in the Czech Republic in 2017‒2019

Author(s): Martin Zeman
Subject(s): Economy, National Economy, Human Resources in Economy
Published by: Vysoká škola ekonomická v Praze
Keywords: Fiscal policy; unemployment; unemployment costs; Czech Republic

Summary/Abstract: The aim of the presented research is to quantify the costs of unemployment in the Czech Republic in the years before start of the 2020 exogenous crisis. The costs of unemployment are quantified as direct costs and induced costs. The research method is based on the con- struction of the average unemployed. I identify his/her average income level, length of unemployment and age, as well as level of education. The analysis also quantifies the economic effectiveness of hypothetical economic policy measures in maintaining employment.

  • Issue Year: 69/2021
  • Issue No: 6
  • Page Range: 627-650
  • Page Count: 24
  • Language: Czech