MINIMUM WAGE SETTING AND THE DYNAMICS OF THE CZECH LABOR MARKET

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F20%3A00116666" target="_blank" >RIV/00216224:14560/20:00116666 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
MINIMUM WAGE SETTING AND THE DYNAMICS OF THE CZECH LABOR MARKET
Original language description
The main goal of this paper is to evaluate the impacts of alternative statutory minimum wage settings on the dynamics of the Czech economy and its labor market through the lens of a dynamic stochastic general equilibrium model. Our results are based on a medium-scale model that allows for an analysis of the macroeconomic impacts of the minimum wage. We simulate endogenous variables of the model for a calibration corresponding to the current Czech labor market characteristics and compare them with alternative scenarios for the minimum wage setting and the proportion of unskilled households in the economy. The short-run effects of these alternative scenarios are evaluated with regards to the impulse response functions of selected labor market measures on three exogenous shocks of interest, a technology shock, a shock to the minimum wage setting, and a shock to the unemployment benefits.
Czech name
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Czech description
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Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the International Scientific Conference ECONOMIC AND SOCIAL POLICY
ISBN
9788087291276
ISSN
2571-1776
e-ISSN
2694-796X
Number of pages
22
Pages from-to
108-129
Publisher name
Vysoká škola PRIGO
Place of publication
Ostrava
Event location
Trojanovice
Event date
Jan 1, 2020
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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