Macroeconomic Specifics of Long-term Development of the Slovak Labor Market Cover Image

Makroekonomické špecifiká dlhodobého vývoja slovenského trhu práce
Macroeconomic Specifics of Long-term Development of the Slovak Labor Market

Author(s): Pavol Kárász
Subject(s): Economy
Published by: SAV - Slovenská akadémia vied - Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: labor market; Slovak business cycles; transition; consolidation and reforms; global economic crisis; Phillips curve; inflation; unemployment; long term unemployment; structural unemployment

Summary/Abstract: The aim of the article is an identification of macroeconomic specifics connected to long term development of the Slovak labor market. Its realization starts from analysis of Slovak business cycles’ reflection in formation of the labor market. In continuation on this analysis relationships between growth of economic per-formance and employment rate investigated, including description of functional-ities between them. In the framework of investigation of relationships between inflation and unemployment development are identified periods and degrees of similarities with causality represented by the Phillips curve. In the structure of unemployment are determined specifics of long term unemployment with special regard to development of the economy after the global economic crisis.

  • Issue Year: 59/2011
  • Issue No: 07
  • Page Range: 684-699
  • Page Count: 16
  • Language: Slovak
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