Estimation of the Cost of Unemployment in Slovak Republic

Bibliographic Data

ID6109049
AuthorsTomáš Domonkos (Institute of Economic Research of the Slovak Academy of Sciences), Brian König (0000-0001-7164-0396, Institute of Economic Research of the Slovak Academy of Sciences)
Year2015
Volume63
Issue4
Pages498-516
Publication date2015-08-01
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.1032
OpenAlexW2312553637
LanguageEN
Citations received1
References cited6

The aim of the presented paper is to estimate the cost of unemployment in the Slovak Economy. The cost of unemployment can be divided into a direct component, composed of decreasing government revenues due to reduced direct taxes and social contribution payments from the employees and the employers; increased public spending on unemployment benefi ts, social security and health insurance and finally increased expenditures on running the administration of unemployed persons and active labor market policies. The second part, consisting of indirect costs, is composed of one component, represented by the decreasing collection of indirect taxes. The analysis showed that the average estimated real monthly cost per one unemployed throughout the years 2008-2012 fall within the range from 416 euros to 588 euros

Czech · Demographic economics · Economic growth · Economics · Estimation · Euros · Government (linguistics) · Government revenue · Indirect costs · Labour economics · Payment · Public economics · Revenue · Slovak · Social insurance · Social security · Tax revenue · Unemployment · Finance · Labor market dynamics and wage inequality · Monetary Policy and Economic Impact · Unemployment and Economic Growth

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Open DOIOpen Access