Ambiguous effects of minimum wage tool of labour markets regulation – key study of V4 countries

Abstract

In this paper we analyze the effect of minimum wage change on selected labour market indicators such as duration of employment, hours worked, unemployment by education or profession or long-term unemployment. Our research is based on Eurostat and OECD data for V4 countries. The hypothesis discussed is whether the effect of minimum wage increase is positive or negative and we discuss the issue of economic regulation more generally. The output values of the regressions coefficients of all the V4 countries showed that the effects are more positive than negative. Mapping the overall intensity of effects of the minimum wage on selected indicator of the labour market in the Czech Republic and Hungary indicated a low sensitivity. The effects were very weak in Slovakia and Poland. The results of the analysis complied with the results of the domestic and international research in 13 cases and the results were different in 6 cases. Slightly more often they confirmed more positive effects of the minimum wage on selected indicators of the labour market than negative effects.

Change in the Affordability of Owner-Occupied Housing in the Context of Rising Energy Prices

“…Energies 2022, 15, 1281 2 of 18 continued fiscal easing [9] indicate that property prices may be expected to increase even in the period to follow. This reality, combined with a change in the European Union's energy policy (Green Deal) which, as a result, brings a sharp increase in energy prices [10] also in relation to housing, has increased costs of housing [11], making housing less affordable for lower middle and middle class of population and not least for the young generation.…”

Impact of Digital Payments on the Economic growth of a country- A case of the Czech Republic

“…If we consider the Czech Republic in terms of access to technology and other determinants of economic growth, Czechia surely possesses one of the highest standards towards identifying and utilizing possible improvement to economic growth tech, with strides in technology to always improve overall worker efficiency (Jasova, 2021) but also the improvement of technology has started to play a bigger part as surely new tech can enhance the productivity and output for a worker but the improvements in the technology can provide even larger scope for achieving the maximum growth potential. Digital payments should not be restricted to the basic identity of cryptocurrencies but also rather research and likely invest more in useful long-term projects.…”

Implementation of sustainable development goal 8 in European Union countries–A measurement concept and a multivariate comparative analysis

“…The concept of sustainable development offers the EU a positive long‐term vision of society in which economic development supports social progress and respects the need to protect the environment. The discussion on sustainable development includes increasingly new aspects of poverty (Cermakova & Hromada, 2022, Hromada & Cermakova, 2021, Borgersen, 2022 or Luczak et al, 2022) contentious labour market issues (Jasova & Kaderabkova, 2021; Jasova & Kadeřábková, 2019; Kaderabkova & Jasova, 2019), changing macroeconomic behaviour of young generation (Rotschedl & Mitwallyova, 2021) having impacts in long term economic stability in multiple areas (Dimitrov & Hadad, 2022 or Sabra, 2022).…”