IDENTIFYING THE RELATIONSHIP BETWEEN UNEMPLOYMENT AND WAGE DEVELOPMENT IN THE SLOVAK REPUBLIC

• Authors: Pauhofová Iveta , Stehlíková Beáta
• Languages of publication: EN

Abstracts

EN

The problem of high unemployment and expected further growth repetitively appears among major global trends, along with the deepening of social instability. This leads to increased inequalities and deepening polarization of wealth as one of the top three global risks. The aim of this paper is to present the results of unemployment and wage development in Slovakia for the period 2000 – 2015 (at the national and regional levels). The added value for Slovakia results is a comparison of the relevant indicators between Czech Republic, Slovak Republic and Hungary. The authors further focus on the wage development dependence on the development of unemployment. Analyses in the paper are based on data from Eurostat, OECD, the Statistical Office and the Central Office of Labour, Social Affairs and Family in Slovakia. Findings (using quantile regression): increasing unemployment, wages in the districts of SR did not grow (in the focused period), increases in wages in districts with higher unemployment rates were lower than in districts with a lower unemployment rate, in the least developed districts reduced unemployment led to a minor increase in wages than expected.

Keywords

EN

UNEMPLOYMENT; LONG-TERM UNEMPLOYMENT; WAGES; SLOVAKIA; CZECH REPUBLIC; HUNGARY

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2018
• Volume: 66
• Issue: 5
• Pages: 503 – 521

Contributors

author

Pauhofová Iveta

• Institute of Economic Research Slovak Academy of Sciences, Šancová 56, 811 05 Bratislava, Slovak Republic

author

Stehlíková Beáta