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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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competing explanations of that fact, the human capital theory and the signaling theory. …
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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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