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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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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...
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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...
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labor market can be influenced by potentially low wages. Their entry into the labor market could increase the gender pay gap …
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literature has created a set of institutional aspects such as employment protection legislation, structure of wage bargaining …
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This study investigates the relationship between wages and risks of work-related fatalities in the Czech labour market … found a positive and statistically significant correlation between wages and occupational fatality risks in all three models …
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