This article analyses character of the relation between the minimum wage and unemployment in the Czech Republic and Slovakia. At the same time, it estimates the extent of the effect of the minimum wage on the examined unemployment indicators. The analysis in the Czech Republic indicated the increase in unemployment as a result of the increase in the minimum wage. In Slovakia both negative and positive effects were confirmed but a negative relationship prevailed. The intensity of the influence effects was moderately strong.
minimum wage, unemployment, unemployment rate, correlation coefficient
BOZENA KADERABKOVA, EMILIE JASOVA (2016). CHARACTER AND INTENSITY OF THE MINIMUM WAGE INFLUENCE ON UNEMPLOYMENT IN THE CZECH REPUBLIC AND SLOVAKIA. International Journal of Economic Sciences, Vol. V(1), pp. 37-49. , DOI: 10.20472/ES.2016.5.1.003
Copyright © 2016, Bozena Kaderabkova et al, email@example.com