Selected issues of the minimum wage in the Czech Republic.

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F02819180%3A_____%2F14%3A%230000022" target="_blank" >RIV/02819180:_____/14:#0000022 - 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
Selected issues of the minimum wage in the Czech Republic.
Original language description
The minimum wage is one of the measures of economic policy, which raises contradictory reactions. The Czech Republic is one of twenty EU Member States that have implemented a statutory minimum wage. Since its introduction in 1991, the gross minimum wagewas increased sixteen times by the government. In addition to increases in the gross minimum wage, the purchasing power of the minimum wage is affected by the development of price levels and also by changes in tax and social security and health insurance. In the Czech Republic three periods in the development of the minimum wage can be distinguished. In the first years after its introduction, the gross minimum wage did not increase significantly and its real value declined. The period 1999?2006 is a period of rapid growth in both the nominal and the real minimum wage. In the period 2007?2012, the nominal wage was constant and its real value gradually decreased. These three phases correspond to the political orientation of Czech governme
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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