CHARACTER AND INTENSITY OF THE MINIMUM WAGE INFLUENCE ON UNEMPLOYMENT IN THE CZECH REPUBLIC AND SLOVAKIA

Bozena Kaderabkova () and Emilie Jasova ()
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Bozena Kaderabkova: Czech Technical University in Prague
Emilie Jasova: Business and Law School

International Journal of Economic Sciences, 2016, vol. 5, issue 1, 37-49

Abstract: This article analyses character of the relation between the minimum wage and unemployment in the Czech Republic and Slovakia. At the same time, it estimates the extent of the effect of the minimum wage on the examined unemployment indicators. The analysis in the Czech Republic indicated the increase in unemployment as a result of the increase in the minimum wage. In Slovakia both negative and positive effects were confirmed but a negative relationship prevailed. The intensity of the influence effects was moderately strong.

Keywords: minimum wage; unemployment; unemployment rate; correlation coefficient (search for similar items in EconPapers)
JEL-codes: E24 E32 E37 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:sek:jijoes:v:5:y:2016:i:1:p:37-49

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