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, because they can deepen or moderate volatility of the economic cycle. The article aims at mapping the rate of unemployment in … comparison of the actual rate of unemployment with the average value NAIRU was used for the specification of the economic cycle …. We compare the rate of unemployment, NAIRU and unemployment gaps in sectors with the average value on the national level …
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The minimum wage has been a controversial issue since 1912, when Massachusetts (USA) passed the first state minimum wage act. The Czech Republic has had a statutory national minimum wage since 1990 (Act no. 65/1965 Coll., or the Labour Code; the specific minimum wage levels and the conditions for...
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, taxation of labour, active labour market policies, the system of unemployment benefits. On the basis of these institutional … flexibility. Attention is also paid to influence of these institutional aspects on employment or unemployment. …
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The paper examines implications of both real and nominal convergence for a fully-funded pension system. The process of convergence implies that higher contribution rates are necessary in the converging economy for replacement ratios to be the same as in a steady-state economy. This effect in the...
Persistent link: https://www.econbiz.de/10008549681
Non-contributory periods is one of the key issues in the public discussion on the planned reform of the pension system in the Czech Republic. This article focuses on a detailed analysis of non-contributory periods in the Czech pension system and their impact on pension system balance and micro...
Persistent link: https://www.econbiz.de/10005049541