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

Bibliographic Data

ID10713511
AuthorsMartin Zeman (0000-0001-9719-6940, Prague University of Economics and Business, corresponding author)
Year2021
Volume69
Issue6
Pages627-650
Publication date2021-12-21
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenuePolitická ekonomie (JOURNAL)
Journal identifiersISSN: 0032-3233 • E-ISSN: 2336-8225
PublisherPrague University of Economics and Business (PUBLISHER • CZ)
DOI10.18267/j.polek.1338
OpenAlexW4200275732
LanguageEN
References cited13

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

Czech · Demographic economics · Economic cost · Economics · Estimation · Indirect costs · Labour economics · Macroeconomics · Unemployment · Accounting · Financial Literacy, Pension, Retirement Analysis · Fiscal Policy and Economic Growth · Labor market dynamics and wage inequality

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