The Mystery of Russia's Low Unemployment Rate
Název práce: | The Mystery of Russia’s Low Unemployment Rate |
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Autor(ka) práce: | Vlasova, Ekaterina |
Typ práce: | Bachelor thesis |
Vedoucí práce: | Janíčko, Martin |
Oponenti práce: | Máslo, Lukáš Augustin |
Jazyk práce: | English |
Abstrakt: | This thesis focuses on the mystery surrounding the low unemployment rate in Russia and looks into the significance of factors like unemployment gap, output gap, labour productivity index and demographics which might influence the unemployment rate. The aim is to use standard econometric tools to process my own estimated data, and combine this with known publicly available quarterly time-series statistics to build a model to disclose the myth surrounding the relationship between the unemployment rate and the business cycle in Russia. Furthermore, it will look into additional factors, discussed in the theoretical part, which play a role in keeping the unemployment rate as low as it is.The findings of this thesis lead to the conclusion that macroeconomic indicators are less significant when it comes to interpreting the behaviour of the Russian unemployment rate. During this process I discover that the unemployment rate is misleading because it is hiding the real situation in the labour market. Therefore, the primary hypothesis that the Russian unemployment rate highly depends on demographic factors is further rejected. |
Klíčová slova: | unemployment rate ; employment, output gap ; Russian Federation; labour market |
Název práce: | The Mystery of Russia's Low Unemployment Rate |
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Autor(ka) práce: | Vlasova, Ekaterina |
Typ práce: | Bakalářská práce |
Vedoucí práce: | Janíčko, Martin |
Oponenti práce: | Máslo, Lukáš Augustin |
Jazyk práce: | English |
Abstrakt: | This thesis focuses on the mystery surrounding the low unemployment rate in Russia and looks into the significance of factors like unemployment gap, output gap, labour productivity index and demographics which might influence the unemployment rate. The aim is to use standard econometric tools to process my own estimated data, and combine this with known publicly available quarterly time-series statistics to build a model to disclose the myth surrounding the relationship between the unemployment rate and the business cycle in Russia. Furthermore, it will look into additional factors, discussed in the theoretical part, which play a role in keeping the unemployment rate as low as it is.The findings of this thesis lead to the conclusion that macroeconomic indicators are less significant when it comes to interpreting the behaviour of the Russian unemployment rate. During this process I discover that the unemployment rate is misleading because it is hiding the real situation in the labour market. Therefore, the primary hypothesis that the Russian unemployment rate highly depends on demographic factors is further rejected. |
Klíčová slova: | labour market; unemployment rate ; employment, output gap; Russian Federation |
Informace o studiu
Studijní program / obor: | Ekonomie a hospodářská správa/Ekonomie |
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Typ studijního programu: | Bakalářský studijní program |
Přidělovaná hodnost: | Bc. |
Instituce přidělující hodnost: | Vysoká škola ekonomická v Praze |
Fakulta: | Národohospodářská fakulta |
Katedra: | Katedra ekonomie |
Informace o odevzdání a obhajobě
Datum zadání práce: | 18. 7. 2016 |
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Datum podání práce: | 31. 1. 2018 |
Datum obhajoby: | 30. 1. 2018 |
Identifikátor v systému InSIS: | https://insis.vse.cz/zp/58196/podrobnosti |