Unemployment in the Context of Minimum Wage Concept in Slovakia
Andrea Tkacova (andrea.tkacova@tuke.sk),
Beata Gavurova (beata.gavurova@tuke.sk),
Katarina Melasova (katarina.melasova@tuke.sk) and
Peter Snopko (peter.snopko@student.tuke.sk)
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Andrea Tkacova: Technical University of Košice, Slovakia
Beata Gavurova: Technical University of Košice, Slovakia
Katarina Melasova: Technical University of Košice, Slovakia
Peter Snopko: Technical University of Košice, Slovakia
Entrepreneurship and Sustainability Issues, 2022, vol. 10, issue 1, 395-407
Abstract:
The aim of study is to identify an impact of the minimum wage concept on the unemployment rate in Slovakia from 1993 to 2020. Linear regression tests an impact of the Kaitz index, minimum wage and living wage rate, GDP, unemployment rate of people with basic education and progressive taxation. In case the minimum wage increase is less profound than the average wage increase, and a difference between the minimum wage and the living wage is being continually deepened, then the unemployment rate may be decreased. The Slovak unemployment rate may decrease by the GDP growth and by decreasing the number of citizens with basic education.
Keywords: minimum wage; unemployment rate; Kaitz index; linear regression (search for similar items in EconPapers)
JEL-codes: A13 C32 C51 E24 J38 J64 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:10:y:2022:i:1:p:395-407
DOI: 10.9770/jesi.2022.10.1(21)
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