http://www.bis.org/cbhub/list/author/author_10078/index.rss Research hub papers by author Liina Malk en http://www.eestipank.ee/sites/eestipank.ee/files/publication/en/WorkingPapers/2014/wp08_2014.pdf Bank of Estonia Working papers by Liina Malk Determinants of Reservation Wages: Empirical Evidence for Estonia 2014-12-18T17:32:59Z This paper provides an empirical analysis of the individual and macroeconomic determinants of reservation wages with a particular focus on the influence of unemployment duration. Data from the Estonian Labour Force Survey 2011-2013 and instrumental variable regression analysis are used for estimating the determinants of reservation wages. The findings indicate that personal characteristics, the household's income level and the regional unemployment rate are important factors that affect reservation wage setting. In addition, it appears that unemployment duration has a significant negative influence on the reservation wage, which is mainly driven by men and older individuals. Determinants of Reservation Wages: Empirical Evidence for Estonia 2014-12-18T17:32:59Z Abstract http://www.eestipank.ee/en/publication/working-papers/2014/82014-liina-malk-determinants-reservation-wages-empirical-evidence-estonia Full text http://www.eestipank.ee/sites/eestipank.ee/files/publication/en/WorkingPapers/2014/wp08_2014.pdf Liina Malk Liina Malk 2014-12-18 Bank of Estonia Working papers J31 J64 http://www.eestipank.ee/sites/default/files/publication/en/WorkingPapers/2013/wp04_2013.pdf Bank of Estonia Working papers by Liina Malk Relaxation of Employment Protection and its Effects on Labour Reallocation 2013-06-03T18:03:00Z Flexibility of employment protection is considered to be essential for rapid adjustments in the workforce to changing economic conditions and for the reallocation of labour towards more productive activities. This was one of the main arguments for the new Employment Contracts Act in Estonia, which eased employment protection by reducing the costs of terminating employment relationships. Since such substantial changes in employment protection legislation (EPL) are quite rare, this reform provides a good chance to examine the outcomes of the relaxation of employment protection. This paper evaluates the effects of this institutional change on labour reallocation. Exploiting the microdata of the Labour Force Surveys for the years 20072011, we analyse worker flows and employ the difference in differences approach to identify the effects of the EPL reform, using Lithuanians as a control group for Estonians. Subsequent to the reform, labour flows out of and into employment increased in Estonia relative to Lithuania. However, from the regression analysis, a statistically significant impact of the EPL reform was identified only on the former of these two types of flows. Both the assessment of aggregate flows and the estimation of difference in differences effects for transition probabilities indicate that the reform of employment protection resulted in lower job-to-job flows while the overall effect on labour reallocation was positive. Relaxation of Employment Protection and its Effects on Labour Reallocation 2013-06-03T18:03:00Z Abstract http://www.eestipank.ee/en/publication/working-papers/2013/42013-liina-malk-relaxation-employment-protection-and-its-effects-labour-reallocation Full text http://www.eestipank.ee/sites/default/files/publication/en/WorkingPapers/2013/wp04_2013.pdf Liina Malk Liina Malk 2013-06-03 Bank of Estonia Working papers