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Extreme value theory is the most scientific approach to an inherently difficult problem - predicting the possibility that an extreme event will occur. Broadly speaking, there are two kinds of models for extreme values. The first group of models are models for a distribution of normalized maximum...
Persistent link: https://www.econbiz.de/10005036425
Paper outlines economic connections of labor market discrimination. It is intended on discrimination based upon gender …
Persistent link: https://www.econbiz.de/10005036611
The article deals with a subject s decisions about his individual labour supply. It explains the development of this problem from the cardinalistic point of view, characteristic for marginalistic economists, concerning ordinalistic decision-making between consumption and free time. The gist of...
Persistent link: https://www.econbiz.de/10005036314
This article deals with the issues of different theoretical approaches to education. Education is seen as a tool, how to distinct different marginal productivities of employees. We start from the fact of an information asymmetry on the labour markets, asymmetry between employers and potential...
Persistent link: https://www.econbiz.de/10009398915
The paper summarises the results of various economic concepts of minimum wage. Consecutively, it presents an analysis of the minimum wage development in the Czech Republic since its introduction in 1991 and of the impact of substantial changes in its level, which can be observed since 1999. The...
Persistent link: https://www.econbiz.de/10005067747
This study is concerned with decomposing the gender pay gap in the Czech Republic. It aims not only to compare male and … female wage-equations but also to uncover the gender pay gap structure. The decision of many women not to participate in the … labor market can be influenced by potentially low wages. Their entry into the labor market could increase the gender pay gap …
Persistent link: https://www.econbiz.de/10005698710
The main objective of this article is to analyse the institutional framework of labour market function. Theoretical literature has created a set of institutional aspects such as employment protection legislation, structure of wage bargaining, taxation of labour, active labour market policies,...
Persistent link: https://www.econbiz.de/10008752935
This study investigates the relationship between wages and risks of work-related fatalities in the Czech labour market. To prove this relationship, we followed the theory of compensating wage differentials and the theory of hedonic prices. Using data from 2007 Czech labour survey, we...
Persistent link: https://www.econbiz.de/10008754956