20.500.12556/DKUM-96124 Labour market and uncertainty panel analysis of the employment function in European economies Trg dela in negotovost: panelna analiza funkcije zaposlenosti v evropskih gospodarstvih This chapter empirically tests the effects of uncertainty, measured by the World Uncertainty Index, on employment, controlling for demographic and economic determinants. Panel data empirical approach consists of fixed and random effects models as well as of Arellano-Bond and Blundell-Bond estimates of dynamic panel models based on 26 European countries in the period from 2000 to 2021. The empirical investigation is divided into three parts. First, only the effects of uncertainty are estimated, resulting in statistically significant estimated coefficient, but explaining a minor part of variability of employment. Second, demographic indicators are added as explanatory variables. In this case, a much larger share of employment variability is explained by the model, but the uncertainty becomes statistically insignificant. Third, when all four models are estimated by uncertainty and economic variables, the uncertainty statistically significantly affects the employment. Thus, the conducted empirical analysis indicates that the negative impact of uncertainty on employment exists, but is specifically important in the relation with economic indicators, while it is statistically insignificant when the demographic effects are taken into account. zaposlenost negotovost trg dela panelni podatki fiksni učinki naključni učinki dinamična panelna analiza true false true Angleški jezik Slovenski jezik Znanstveno delo 2025-12-03 10:25:15 2025-12-03 10:25:16 2025-12-04 03:19:27 0000-00-00 00:00:00 2025 0 0 Str. 166-177 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 005 257950467 259731971 RAZ_Borsic_Darja_2025.pdf RAZ_Borsic_Darja_2025.pdf 1 514E9AAF3EBCF18439B4AC421A9A5870 9da84dc549b1f08ec7c9c443371230971cb5d76a6eba19aa8630aeb951acb9c4 fbb9319a-d029-11f0-b6c2-00155d000105 https://dk.um.si/Dokument.php?lang=slv&id=201090 Ekonomsko-poslovna fakulteta 0 0 0