Proceedings of the 12th Economics & Finance Conference, Dubrovnik

CHURN ON THE LABOR MARKET IN THE CZECH REPUBLIC

BOŽENA KADEŘÁBKOVÁ, EMÍLIE JAŠOVÁ

Abstract:

The aim of this article is to present the differences between the different flows on the labor market in the Czech Republic. The problem is significant economically, socially and politically. The empirical part of the study focuses on the quantification of so-called churn. The specific features of the Czech Republic's churn include the fact that the overall churn has an anti-cyclical character in the Czech Republic, and that in the period of growth of the total churn, the share of wages and salaries in total in GDP at current prices has increased, which is both contrary to the conclusions of world research. The revival of the economy is accompanied by an increase in total churn, but it does not lead to an increase in wages and salaries resulting from company-to-business movements, as would be the case with economic theory.

Keywords: churn, labour market, wage

DOI: 10.20472/EFC.2019.012.010

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