CHARACTER AND INTENSITY OF THE MINIMUM WAGE INFLUENCE ON UNEMPLOYMENT IN THE CZECH REPUBLIC AND SLOVAKIA
BOZENA KADERABKOVA, EMILIE JASOVA
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
DOI: 10.52950/ES.2016.5.1.003
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APA citation:
BOZENA KADERABKOVA, EMILIE JASOVA (2016). CHARACTER AND INTENSITY OF THE MINIMUM WAGE INFLUENCE ON UNEMPLOYMENT IN THE CZECH REPUBLIC AND SLOVAKIA. International Journal of Economic Sciences, Vol. V(1), pp. 37-49. , DOI: 10.52950/ES.2016.5.1.003
Data:
Received: 2 Jan 2016
Revised: 17 Feb 2016
Accepted: 6 Mar 2016
Published: 20 Mar 2016
Copyright © 2016, Bozena Kaderabkova et al, kaderabb@fsv.cvut.cz