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

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50201 - Economic Theory

Projekt

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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

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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Počet stran výsledku

13

Strana od-do

1133-1145

Název nakladatele

Libuše Macáková, MELANDRIUM

Místo vydání

Slaný

Místo konání akce

Praha

Datum konání akce

6. 9. 2018

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000455809400113