Unemployment and education in the Czech Republic

Workers with higher adjusted education are characterised by higher wages, higher participation rate and lower unemployment. The theory of human capital explains lower number of unemployed workers from this group primarily by stronger attachment of more qualified workers to an employer's company and also by more effective job searching, which result in a shorter duration of unemployment. This paper set itself a task to analyse the reasons of variations in unemployment and vacancy rates for groups with different adjusted education by using the model of the Beveridge curve and the matching function. The statistic tests confirmed the theoretical hypothesis about lower risk of unemployment for the group with higher adjusted education. Although unemployed more qualified workers demonstrate lower duration of unemployment as well, it was not positively proved on the model of matching function, that it is due to more effective job searching