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Mikroekonomické dopady minimální mzdy na vybrané podniky
Lajtkepová, Eva ; Mikulec, Luděk (advisor)
Even though the legal minimum wage is not a new thing (it was first set in 1912 in the state of Massachusetts in the USA), we first come across the stipulation of a minimum wage in an amendment to Act No. 65/1965 Coll. of the Labour Code from 1990. The specific level of minimum wage and the conditions for applying it were then set by government resolution in February 1991. Since then the level of minimum wage has been valorised many times (in January 2006 the valorisation of minimum wage was the thirteenth time the minimum wage had been changed). The submitted dissertation deals with selected impacts of the minimum wage on firms, with special consideration to small and medium-sized enterprises (up to 250 employees). Attention is focused both on the demand side of the labour market (acceptance of legal level of minimum wage by firms), as well as on the supply side (effect of the legal level of minimum wage on willingness and motivation of the unemployed to supply their labour on the labour market). The work is focused on the following fundamental areas: detailed mapping of the effect of the minimum wage on firms and employment in economic theory and in contrast to theories for the results of empirical research, identification of the position of minimum wage in wage distribution in the Czech Republic (secondary research), acceptance of minimum wage by small and medium-sized firms in Southern Moravia County (primary research) and willingness of the unemployed to work for the minimum wage (primary research). An integral part of the work is the setting up of aids for the needs of a firm for enrolment and taking on of new employees - decision trees that provide information to the firm on the external labour market.
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Pros and Cons of Minimum Wage
Krupa, Mikuláš ; Cahlík, Tomáš (advisor) ; Svačina, David (referee)
1 Abstract This thesis examines the relationship between the minimum wages and the job market on the case of 17 EU member countries. We found that minimum wages are indeed generally contributing to lower employment rates among young workers. Particularly, it is the teenagers that are being affected most significantly by the increases in the minimum wage. It is in line with the expectations that if minimum wages have impact on the labour market, then this influence is most visible on the groups that are more frequently earning minimum wages. Employment rate is a better indicator of minimum wage effects on the labour market as the effect on the unemployment rate is much less visible due to various mechanisms that people use to adjust to the new situation. Keywords: minimum wage, employment, labour market, jobs automation, income distribution
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Mikroekonomické dopady minimální mzdy na vybrané podniky
Lajtkepová, Eva ; Mikulec, Luděk (advisor)
Even though the legal minimum wage is not a new thing (it was first set in 1912 in the state of Massachusetts in the USA), we first come across the stipulation of a minimum wage in an amendment to Act No. 65/1965 Coll. of the Labour Code from 1990. The specific level of minimum wage and the conditions for applying it were then set by government resolution in February 1991. Since then the level of minimum wage has been valorised many times (in January 2006 the valorisation of minimum wage was the thirteenth time the minimum wage had been changed). The submitted dissertation deals with selected impacts of the minimum wage on firms, with special consideration to small and medium-sized enterprises (up to 250 employees). Attention is focused both on the demand side of the labour market (acceptance of legal level of minimum wage by firms), as well as on the supply side (effect of the legal level of minimum wage on willingness and motivation of the unemployed to supply their labour on the labour market). The work is focused on the following fundamental areas: detailed mapping of the effect of the minimum wage on firms and employment in economic theory and in contrast to theories for the results of empirical research, identification of the position of minimum wage in wage distribution in the Czech Republic (secondary research), acceptance of minimum wage by small and medium-sized firms in Southern Moravia County (primary research) and willingness of the unemployed to work for the minimum wage (primary research). An integral part of the work is the setting up of aids for the needs of a firm for enrolment and taking on of new employees - decision trees that provide information to the firm on the external labour market.
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Analysis of wages in the Czech republic by the classification of employment
Alexandridisová, Julie ; Malá, Ivana (advisor) ; Petkovová, Ludmila (referee)
This bachelor thesis is based on analysis of wages in the Czech republic by the classification of employment in 2003--2011. The main objective of this work is research the differentiation of gross monthly nominal wages of employees in each major class of employment by classification CZ-ISCO. Another task is modeling of the wage distribution using the three-parameter lognormal distribution model and observing objects of interest and deviations in the monitored years. The parameters of model are estimated by quantile method. The base for these analysis is data obtained from business statistical systems from the site of the Czech Statistical Office and structural statistics from the site of the Average Earnings Information System.
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An Application of Quantile Functions in Probability Model Constructions of Wage Distributions
Pavelka, Roman ; Kahounová, Jana (advisor) ; Vrabec, Michal (referee) ; Pacáková, Viera (referee)
Over the course of years from 1995 to 2008 was acquired by Average Earnings Information System under the professional gestation of the Czech Republic Ministry of Labor and Social Affairs wage and personal data by individual employees. Thanks to the fact that in this statistical survey are collected wage and personal data by concrete employed persons it is possible to obtain a wage distribution, so it how this wages spread out among individual employees. Values that wages can be assumed in whole wage interval are not deterministical but they result from interactions of many random influences. The wage is necessary due to this randomness considered as random quantity with its probability density function. This spreading of wages in all labor market segments is described a wage distribution. Even though a representation of a high-income employee category is evidently small, one's incomes markedly affect statistically itemized average wage level and particularly the whole wage file variability. So wage employee collections are distinguished by the averaged wage that exceeds wages of a major employee mass and the high variability due to great wage heterogeneity. A general approach to distribution of earning modeling under current heterogeneity conditions don't permit to fit by some chosen distribution function or probably density function. This leads to the idea to apply some quantile approach with statistical modeling, i.e. to model an earning distribution with some appropriate inverse distributional function. The probability modeling by generalized or compound forms of quantile functions enables better to characterize a wage distribution, which distinguishes by high asymmetry and wage heterogeneity. The application of inverse distributional function as a probability model of a wage distribution can be expressed in forms of distributional mixture of partial employee's groups. All of the component distributions of this mixture model correspond to an employee's group with greater homogeneity of earnings. The partial employee's subfiles differ in parameters of their component density and in shares of this density in the total wage distribution of the wage file.
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