Prague Economic Papers 2015, 24(3):307-331 | DOI: 10.18267/j.pep.521

Financial Position of Czech Employees at the Beginning of the 3rd Millennium according to Educational Attainment

Diana Bílková
Department of Statistics and Probability, Faculty of Informatics and Statistics, University of Economics, Prague (bilkova@vse.cz).

The present paper deals with the development of wage distribution by educational attainment in the Czech Republic in the years 2003-2012, analysing fifty wage distributions as the object of research and the gross monthly wage in CZK as the research variable. It examines the development of wage distribution in time and the gross monthly wage in relation to the level of educational attainment. It also pursues the development of the minimum wage in the monitored period. The author pays special attention to the lowest guaranteed wage levels classified according to wage classes and work capability assessment, comparing the minimum wage to the wage of subsistence. The forecasts of future wage distribution are an integral component of the research, the financial standing of Czech households being evaluated in an international context within the European Union.

Keywords: income distribution, wage distribution, stages of education, characteristics of wage location and differentiation, development of wage, forecasts of wage distribution
JEL classification: D31, E24, G01, H24, J31, O15

Published: January 1, 2015  Show citation

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Bílková, D. (2015). Financial Position of Czech Employees at the Beginning of the 3rd Millennium according to Educational Attainment. Prague Economic Papers, 24(3), 307-331. doi: 10.18267/j.pep.521
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