Acta Oeconomica Pragensia 2010, 18(1):3-20 | DOI: 10.18267/j.aop.291

Minimum Wage and Labour Market

Eva Lajtkepová
Vysoké učení technické v Brně, Fakulta podnikatelská (lajtkepova@fbm.vutbr.cz).

The minimum wage has been a controversial issue since 1912, when Massachusetts (USA) passed the first state minimum wage act. The Czech Republic has had a statutory national minimum wage since 1990 (Act no. 65/1965 Coll., or the Labour Code; the specific minimum wage levels and the conditions for applying it were then set by a Government Resolution in 1991). The paper deals with some results of empirical research into the effects of the minimum wage on enterprises and employment and compares the statutory minimum wage in the Czech Republic and selected countries.

Keywords: Labour market, employment, unemployment, minimum wage, wage distribution
JEL classification: E20, E24

Published: February 1, 2010  Show citation

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Lajtkepová, E. (2010). Minimum Wage and Labour Market. Acta Oeconomica Pragensia, 18(1), 3-20. doi: 10.18267/j.aop.291
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