Does the minimum wage affect the rate of unemployment? The Czech Republic Case

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21630%2F18%3A00324686" target="_blank" >RIV/68407700:21630/18:00324686 - 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
Does the minimum wage affect the rate of unemployment? The Czech Republic Case
Original language description
The minimum wage growth in general as the economy recovers is the stressed topic. Many conclusions refer about the dangerous impact of the increasing minimum wage to the economy growth in the modern economies. In this paper we discuss pros and cons of the minimum wage increase. More we provide the case study from the Czech Republic in which the stagnant minimum wage was changed in the deep increase of the minimum wage in the last few years. Finally we follow the theory of job search presented with the Christopher A. Pissarides. In this modern theory of labor market Pissarides do not assume the labor market equilibrium. This assumption is the most false assumption of the traditional job market theories. The Pissarides theory consists of three main blocks. The first is the job creation function (demand for labor), the wage function (labor supply) and the Beveridge curve. More this theory defines the labor market tightness for the firm.
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
The 12th International Days of Statistics and Economics - Conference Proceedings
ISBN
978-80-87990-14-8
ISSN
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e-ISSN
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Number of pages
13
Pages from-to
1133-1145
Publisher name
Libuše Macáková, MELANDRIUM
Place of publication
Slaný
Event location
Praha
Event date
Sep 6, 2018
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000455809400113

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