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The Minimum Wage and Its Impact on Unemployment in the Czech Republic

Minimální mzda a její vliv na nezaměstnanost v ČR

Michal Pícl and Petr Richter

Acta Oeconomica Pragensia, 2014, vol. 2014, issue 6, 51-65

Abstract: Minimum wage remained unchanged for many years. Politicians and even a large part of the business sector could not agree with previously spoken rule that raising the minimum wage has a negative impact on the overall unemployment rate of the country. The article therefore initially concentrated on the development of the minimum wage in the Czech Republic, its comparison with other European Union member states and tries to find the answer by empirical methods whether the raising of the minimum wage in the Czech Republic has a really economic impact on the unemployment in this country.

Keywords: wage; minimum wage; average wage; unemployment; labor (search for similar items in EconPapers)
JEL-codes: J31 J38 J64 (search for similar items in EconPapers)
Date: 2014
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Redakce Acta Oeconomica Pragensia, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3

DOI: 10.18267/j.aop.458

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Handle: RePEc:prg:jnlaop:v:2014:y:2014:i:6:id:458