PRÍČINY ZMIEN VO VÝVOJI FUNKČNEJ ŠTRUKTÚRY PRÍJMOV V SLOVENSKEJ EKONOMIKE

• Authors: Morvay Karol

Title variants

EN

Causes of developmental changes in the functional structure of income in the Slovak economy

• Languages of publication: SK

Abstracts

EN

The low wage share has been one of the traditional problems of the Slovak economy. This article deals with the change in the structure of income: the prevailing low share of wages in value added began to grow significantly in recent years. The functional structure of income in the years 2013 – 2015 developed in such a way as in the Slovak economy has not previously been recorded. The reversal was linked to a new phenomenon in the labour market: employment and labour income parameters were improving despite only weak economic growth (it was previously not conceivable). Change of trends in the structure of income (together with the improvement of labour market indicators) was enabled by changed structure of aggregate demand increases, employment growth in the state-influenced branches, changes in the sectoral composition of GDP growth and also by changes in the forms of employment.

Keywords

EN

COMPENSATION OF EMPLOYEES; VALUE ADDED; EMPLOYMENT; AGGREGATE DEMAND; SLOVAKIA

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2015
• Volume: 63
• Issue: 9
• Pages: 906 – 921

Contributors

author

Morvay Karol

• Ekonomický ústav SAV, Šancová 56, 811 05 Bratislava, Slovak Republic