The Relation between Minimum Wage and Unemployment across the Economic Cycle in Countries of the Visegrad Group

Bo?ena Kade?ábková () and Emílie Ja?ová ()
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Bo?ena Kade?ábková: University of economics in Prague
Emílie Ja?ová: Institute for Forcast

No 8910608, Proceedings of Economics and Finance Conferences from International Institute of Social and Economic Sciences

Abstract: The aim of the present article is to clarify existence and nature of the relation between minimum wage and selected unemployment indicators in countries of the Visegrad group, with the use of an empirical analysis. The obtained figures of correlation coefficients related to the Czech Republic, Hungary and Poland showed that the positive influence was predominant over the negative one, meaning rise of the minimum wage was followed by unemployment growth. In accordance with similar studies in the world we have proved that a contradictory effect of the relationship between minimum wage changes and selected unemployment indicators was also relevant for V4 countries.

Keywords: Minimum wage; unemployment; unemployment rate; previous occupations of the unemployed; correlation coefficient (search for similar items in EconPapers)
JEL-codes: E24 E32 E37 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2019-07
New Economics Papers: this item is included in nep-mac and nep-tra
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Published in Proceedings of the Proceedings of the 11th Economics & Finance Conference, Rome, Jul 2019, pages 93-101

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iefpro:8910608

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