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@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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