Analysis of the minimum wage in the Czech Republic and its effect on selected economic indicators

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21630%2F23%3A00376135" target="_blank" >RIV/68407700:21630/23:00376135 - isvavai.cz</a>
Result on the web
<a href="https://msed.vse.cz/msed_2023/article/689-Janicko-Pavel-paper.pdf" target="_blank" >https://msed.vse.cz/msed_2023/article/689-Janicko-Pavel-paper.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Analysis of the minimum wage in the Czech Republic and its effect on selected economic indicators
Original language description
In this article, we attempted to contribute to the ongoing debate about the impact of the minimum wage on selected elements and factors of economic development, especially on the level of employment, unemployment, and the overall situation in the labour market. The text is primarily focused on the Czech Republic, but we are not avoiding assessment of some other comparable countries, particularly in the EU. The author is aware that the given topic has been and is intensively subjected to all kinds of analyses and discussions, but it is still necessary to recapture the given context in the light of current data and facts. The author provides an overview of some other ways of forming quantities that are supposed to influence the social and income situation on the labour market, such as a decent wage or a living wage. The article also describes the current positions of the EC and ETUC on the introduction of e EU standards in this area. The main weight of the article is in its last part, where, on the basis of the latest data, the relationship between the development of the minimum wage and unemployment, real wages, and real GDP growth.
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
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
The 17th International Days of Statistics and Economics Conference Proceedings
ISBN
978-80-87990-31-5
ISSN
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e-ISSN
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Number of pages
13
Pages from-to
233-245
Publisher name
Libuše Macáková, MELANDRIUM
Place of publication
Slaný
Event location
Praha
Event date
Sep 7, 2023
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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