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Impact of the Minimum Wage on Unemployment in the Czech Republic
 Jordán, Lukáš ; Chytil, Zdeněk (advisor) ; Brožová, Dagmar (referee)
The aim of my bachelor´s thesis is to analyse the impact of increasing minimum wage on unemployment of the population and selected demographic groups in the Czech Republic. The constant increase of minimum wage in recent years has given novelty to the job, it is necessary to analyse its impact on the economy. Theoretical part contains three units. The first one describes conclusions of previous studies from the Czech Republic and abroad. The second unit describes models of labor market, especially monopsonistic competition and heterogeneous job. The third part deals with arguments of protagonists and opponents of minimum wage. Within empirical part, I create 4 models where I apply Ordinary Least Squares. Significant and positive impact of increasing minimum wage on unemployment is confirmed among people aged 20-24. The impact of increasing minimum wage on employment of people aged 15-19, elementary educated people or the whole population is not significant.
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