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Minimum Wage and Labour Market

Eva Lajtkepová

Acta Oeconomica Pragensia, 2010, vol. 2010, issue 1, 3-20

Abstract: The minimum wage has been a controversial issue since 1912, when Massachusetts (USA) passed the first state minimum wage act. The Czech Republic has had a statutory national minimum wage since 1990 (Act no. 65/1965 Coll., or the Labour Code; the specific minimum wage levels and the conditions for applying it were then set by a Government Resolution in 1991). The paper deals with some results of empirical research into the effects of the minimum wage on enterprises and employment and compares the statutory minimum wage in the Czech Republic and selected countries.

Keywords: unemployment; labour market; employment; minimum wage; wage distribution (search for similar items in EconPapers)
JEL-codes: E20 E24 (search for similar items in EconPapers)
Date: 2010
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