Evaluating the generalized effectiveness of selected labor markets Cover Image

Próba uogólnionej oceny efektywności wybranych rynków pracy
Evaluating the generalized effectiveness of selected labor markets

Author(s): Karol Flisikowski
Subject(s): Human Resources in Economy, Socio-Economic Research
Published by: Wydawnictwo Uniwersytetu Rzeszowskiego
Keywords: wage mobility; labor mobility; intersectoral mobility; labor market; efficiency; Markov process

Summary/Abstract: The aim of this paper is to analyze and evaluate the efficiency of chosen labor markets usingadditional dimension of the previously conducted analysis of the intersectoral mobility of wagesand employment. Analysis of the intersectoral mobility will be carried out in two ways: on the onehand, by supplementing it with the market reaction to intersectoral employment’s change, and onthe other with the use of aggregate changes in sectoral differentiation of wages (wage mobility). Foreach of the sampled labor market the estimation of the transition matrix will be performed (separatelyfor the structure of wages and employment by sector). Then, for each specific matrix the indexof mobility will be calculated. According to the author’s opinion the ratio of index of labor andwage mobility may additionally evaluate the labor market flexibility (its ability to autoadaptation tochanges). This type of meter can also be incorporated into the construction of synthetic indicators ofthe efficiency of labor markets. Empirical analysis were carried out on a pilot sample of 20 selectedOECD countries.

  • Issue Year: 2017
  • Issue No: 51
  • Page Range: 244-257
  • Page Count: 14
  • Language: Polish