Effect of Labour Code Reform on Unemployment Duration in the Course of Crisis: Evidence from Slovakia
Effect of Labour Code Reform on Unemployment Duration in the Course of Crisis: Evidence from Slovakia

Summary/Abstract: This paper investigates the pattern of exiting unemployment in Slovakia during the period 2005 – 2009 using an alternative concept of unemployment represented by the self-perceived labour market status as measured by the EU-SILC dataset. In particular, we examine the effects on unemployment duration of the changes in labour regulations as captured by a major Labour Code reform in 2007. Applying standard statistical techniques to several inflow samples we find that after the new Labour Code came into effect in September 2007 the un¬employed have, ceteris paribus, lower probability of exiting unemployment by almost 40%.

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