MINIMUM WAGE SETTING AND THE DYNAMICS OF THE CZECH LABOR MARKET

D 2020

MINIMUM WAGE SETTING AND THE DYNAMICS OF THE CZECH LABOR MARKET

CHALMOVIANSKÝ, Jakub, Daniel NĚMEC a Vlastimil REICHEL

Základní údaje

Originální název

MINIMUM WAGE SETTING AND THE DYNAMICS OF THE CZECH LABOR MARKET

Autoři

CHALMOVIANSKÝ, Jakub (703 Slovensko, garant, domácí), Daniel NĚMEC (203 Česká republika, domácí) a Vlastimil REICHEL (203 Česká republika, domácí)

Vydání

Ostrava, Proceedings of the International Scientific Conference ECONOMIC AND SOCIAL POLICY, od s. 108-129, 22 s. 2020

Nakladatel

Vysoká škola PRIGO

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50202 Applied Economics, Econometrics

Stát vydavatele

Česká republika

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

elektronická verze "online"

Odkazy

URL

Kód RIV

RIV/00216224:14560/20:00116666

Organizační jednotka

Ekonomicko-správní fakulta

ISBN

978-80-87291-27-6

ISSN

Klíčová slova anglicky

DSGE model; Impulse response functions; Labor market; Minimum wage; Unemployment

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 1. 4. 2021 10:38, Mgr. Daniela Marcollová

Anotace

V originále

The main goal of this paper is to evaluate the impacts of alternative statutory minimum wage settings on the dynamics of the Czech economy and its labor market through the lens of a dynamic stochastic general equilibrium model. Our results are based on a medium-scale model that allows for an analysis of the macroeconomic impacts of the minimum wage. We simulate endogenous variables of the model for a calibration corresponding to the current Czech labor market characteristics and compare them with alternative scenarios for the minimum wage setting and the proportion of unskilled households in the economy. The short-run effects of these alternative scenarios are evaluated with regards to the impulse response functions of selected labor market measures on three exogenous shocks of interest, a technology shock, a shock to the minimum wage setting, and a shock to the unemployment benefits.

Návaznosti

MUNI/A/0880/2019, interní kód MU

Název: Regulácie na trhu práce a trhu nehnuteľností a dynamika šedej ekonomiky v priebehu hospodárskeho cyklu

Investor: Masarykova univerzita, Regulácie na trhu práce a trhu nehnuteľností a dynamika šedej ekonomiky v priebehu hospodárskeho cyklu, DO R. 2020_Kategorie A - Specifický výzkum - Studentské výzkumné projekty

Citovat

CHALMOVIANSKÝ, Jakub, Daniel NĚMEC a Vlastimil REICHEL. MINIMUM WAGE SETTING AND THE DYNAMICS OF THE CZECH LABOR MARKET. Online. In Nálepová, V., Uhrova, N. Proceedings of the International Scientific Conference ECONOMIC AND SOCIAL POLICY. Ostrava: Vysoká škola PRIGO, 2020, s. 108-129. ISBN 978-80-87291-27-6.

@inproceedings{1685376,
   author = {Chalmovianský, Jakub and Němec, Daniel and Reichel, Vlastimil},
   address = {Ostrava},
   booktitle = {Proceedings of the International Scientific Conference ECONOMIC AND SOCIAL POLICY},
   editor = {Nálepová, V., Uhrova, N.},
   keywords = {DSGE model; Impulse response functions; Labor market; Minimum wage; Unemployment},
   howpublished = {elektronická verze "online"},
   language = {eng},
   location = {Ostrava},
   isbn = {978-80-87291-27-6},
   pages = {108-129},
   publisher = {Vysoká škola PRIGO},
   title = {MINIMUM WAGE SETTING AND THE DYNAMICS OF THE CZECH LABOR MARKET},
   url = {https://www.narodacek.cz/conference-proceedings-2020/},
   year = {2020}
}

TY  - JOUR
ID  - 1685376
AU  - Chalmovianský, Jakub - Němec, Daniel - Reichel, Vlastimil
PY  - 2020
TI  - MINIMUM WAGE SETTING AND THE DYNAMICS OF THE CZECH LABOR MARKET
PB  - Vysoká škola PRIGO
CY  - Ostrava
SN  - 9788087291276
KW  - DSGE model
KW  - Impulse response functions
KW  - Labor market
KW  - Minimum wage
KW  - Unemployment
UR  - https://www.narodacek.cz/conference-proceedings-2020/
N2  - The main goal of this paper is to evaluate the impacts of alternative statutory minimum wage settings on the dynamics of the Czech economy and its labor market through the lens of a dynamic stochastic general equilibrium model. Our results are based on a medium-scale model that allows for an analysis of the macroeconomic impacts of the minimum wage. We simulate endogenous variables of the model for a calibration corresponding to the current Czech labor market characteristics and compare them with alternative scenarios for the minimum wage setting and the proportion of unskilled households in the economy. The short-run effects of these alternative scenarios are evaluated with regards to the impulse response functions of selected labor market measures on three exogenous shocks of interest, a technology shock, a shock to the minimum wage setting, and a shock to the unemployment benefits.
ER  -

CHALMOVIANSKÝ, Jakub, Daniel NĚMEC a Vlastimil REICHEL. MINIMUM WAGE SETTING AND THE DYNAMICS OF THE CZECH LABOR MARKET. Online. In Nálepová, V., Uhrova, N. \textit{Proceedings of the International Scientific Conference ECONOMIC AND SOCIAL POLICY}. Ostrava: Vysoká škola PRIGO, 2020, s.~108-129. ISBN~978-80-87291-27-6.

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