In this paper we utilize an open economy DSGE model to analyse factors behind the Great Recession and its transmission into labour markets of selected Southern European countries. We introduce a number of shocks which form potential sources of macroeconomic disturbances, in particular: foreign...

We use propensity score matching and a difference-in-differences estimator to analyse the impact of minimum wage hikes on the Polish labour market in 2002-2013. We find an increase in wages and better working time standards among workers who retained their jobs, but also more separations and...

We analyze with panel SVECM the impact of real wage, productivity, labor demand and supply shocks on the eight CEE economies during 1996-2007. We use a set of long-run restrictions, derived from the DSGE model with explicitly modeled labor market, to identify these structural shocks....

Position of females on the European labour market has improved strongly over the past two decades. Changes in women’s employment were not only positive, but also managed to alleviate the negative developments in male employment rates, becoming thus a major driving force behind the efforts to...