Detail publikace

Minimum wage: Labour market consequences in the Czech Republic (K. Fialová, M. Mysíková)

Autor: PhDr. Kamila Fialová ,
PhDr. Martina Mysíková Ph.D.,
Typ: Články v impaktovaných časopisech
Rok: 2009
Číslo: 3
ISSN / ISBN:
Publikováno v: Finance a úvěr/Czech Journal of Economics and Finance, 59 (3): 255–274
Místo vydání: Prague
Klíčová slova: minimum wage, employment probability, unemployment
JEL kódy: E24, J38, J64
Citace: Fialová, K;., Mysíková, M. (2009): The Minimum Wage: Labor Market Consequences in the Czech Republic. Czech Journal of Economics and Finance, 59, 2009, no. 3, pp. 255-274.
Granty: Analýza vlivu vybraných nástrojů sociální politiky na trh práce v ČR a širší mezinárodní komparace GACR 402/08/0501 (2008-2010) Politická ekonomie veřejných rozpočtů
Abstrakt: This paper aims to quantify the impact of the minimum wage on labour market performance in the Czech Republic. Using regional data for 1995-2004, it estimates the effect of the minimum wage adjusted for regional wage differential on the regional unemployment. Consequently, using detail individual data from 2004/2005, we analyze the annual hikes in the minimum wage that allow us to estimate employment probabilities for workers with wage level at, or close to, the new minimum wage. The aim is to reveal whether the most endangered groups of workers exhibited significantly different subsequent employment probabilities. Our results reveal that the minimum wage has had a significant impact on increasing regional unemployment and reducing the employment probabilities of low-paid workers.

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