Impact of Minimum Wage in V4 Countries

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

Impact of Minimum Wage in V4 Countries

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Impact of Minimum Wage in V4 Countries

Popis výsledku anglicky

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.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2017

Kód důvěrnosti údajů

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

Název periodika

Journal of Applied Economic Sciences

ISSN

1843-6110

e-ISSN

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Svazek periodika

12

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

RO - Rumunsko

Počet stran výsledku

10

Strana od-do

332-341

Kód UT WoS článku

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EID výsledku v databázi Scopus

2-s2.0-85018700654