Impact of Minimum Wage in V4 Countries

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F46747885%3A24310%2F17%3A00004106" target="_blank" >RIV/46747885:24310/17:00004106 - isvavai.cz</a>
Result on the web
<a href="http://www.cesmaa.eu/journals/jaes/files/JAES" target="_blank" >http://www.cesmaa.eu/journals/jaes/files/JAES</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Impact of Minimum Wage in V4 Countries
Original language description
The labour market is one of the most regulated markets. Two approaches to labour market regulation are usually described in economic literature. One approach sees regulation as a necessity for the social protection of labour and as a tool leading to productivity growth (institutionalists). The other one (distortionist) considers regulation as an impediment to the adjustment mechanism of the labour market. The aim of this paper is to present different views on the minimum wage institution in economic theories. The main objective is however to verify three hypotheses in V4 countries which confirmation or refutation are verified by simple regression analysis. Results of the analysis confirm that an increase in minimum wage causes an increase in employment rate and unemployment rate, but only for Poland. The third hypothesis (an increase in minimum wage causes an increase in GDP) is refuted for all V4 countries.
Czech name
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Czech description
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Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics

Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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