The minimum wage in the Czech Republic

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F18%3A39913282" target="_blank" >RIV/00216275:25410/18:39913282 - isvavai.cz</a>

Výsledek na webu

<a href="http://dx.doi.org/10.5593/sgemsocial2018H/11" target="_blank" >http://dx.doi.org/10.5593/sgemsocial2018H/11</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.5593/sgemsocial2018H/11" target="_blank" >10.5593/sgemsocial2018H/11</a>

Jazyk výsledku

angličtina

Název v původním jazyce

The minimum wage in the Czech Republic

Popis výsledku v původním jazyce

Minimum wage is a tool for regulating the labor market that, over the long term, causes controversy in the areas of both economic theory and practice. The goal of this paper is to present and analyze key theoretical economic approaches to the functioning of the labor market and the tools used to regulate it. These regulatory tools significantly influence the labor market’s allocative efficiency, and we generally consider the institution of minimum wage to be fundamental part of this trend. Therefore, in this paper, we focus on the way it functions economically and non-economically, its consequences, and the concepts used when establishing it. We focus our attention primarily on analyzing the institution of minimum wage in the Czech Republic. However, its wider implications from global and European perspectives are also of interest to us. How does the evolution of minimum wage in the Czech Republic affect employment, unemployment, and the labor market? Does the institution of minimum wage in the Czech Republic tend to have positive or negative economic impact? How do Czech companies perceive the situation of an increase in minimum wage? Our goal for this paper is to find relevant answers to these questions. In addition to theoretical and statistical analysis, our conclusions are based on the results of an empirical survey we conducted, which targeted both private sector companies (spanning different sizes, fields of business, and regions) as well as public sector employers.

Název v anglickém jazyce

The minimum wage in the Czech Republic

Popis výsledku anglicky

Minimum wage is a tool for regulating the labor market that, over the long term, causes controversy in the areas of both economic theory and practice. The goal of this paper is to present and analyze key theoretical economic approaches to the functioning of the labor market and the tools used to regulate it. These regulatory tools significantly influence the labor market’s allocative efficiency, and we generally consider the institution of minimum wage to be fundamental part of this trend. Therefore, in this paper, we focus on the way it functions economically and non-economically, its consequences, and the concepts used when establishing it. We focus our attention primarily on analyzing the institution of minimum wage in the Czech Republic. However, its wider implications from global and European perspectives are also of interest to us. How does the evolution of minimum wage in the Czech Republic affect employment, unemployment, and the labor market? Does the institution of minimum wage in the Czech Republic tend to have positive or negative economic impact? How do Czech companies perceive the situation of an increase in minimum wage? Our goal for this paper is to find relevant answers to these questions. In addition to theoretical and statistical analysis, our conclusions are based on the results of an empirical survey we conducted, which targeted both private sector companies (spanning different sizes, fields of business, and regions) as well as public sector employers.

Druh

D - Stať ve sborníku

CEP obor

—

OECD FORD obor

50201 - Economic Theory

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2018

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

5th International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM 2018

ISBN

978-619-7408-30-0

ISSN

2367-5659

e-ISSN

neuvedeno

Počet stran výsledku

8

Strana od-do

601-608

Název nakladatele

STEF92 Technology Ltd.

Místo vydání

Sofie

Místo konání akce

Vídeň

Datum konání akce

19. 3. 2018

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

—